Analysts Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $13.60

Shares of United Natural Foods, Inc. (NYSE:UNFI) have earned an average recommendation of “Reduce” from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

A number of analysts have recently commented on UNFI shares. StockNews.com upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. Wells Fargo & Company cut their target price on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Roth Mkm lifted their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, UBS Group lifted their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th.

United Natural Foods Stock Up 1.6 %

Shares of NYSE UNFI opened at $13.10 on Friday. The company has a market capitalization of $779.06 million, a price-to-earnings ratio of -5.44 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. The business has a 50-day moving average of $11.63 and a two-hundred day moving average of $13.23. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $21.28.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the business earned $0.54 EPS. United Natural Foods’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that United Natural Foods will post 0.06 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the sale, the chief accounting officer now owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its holdings in United Natural Foods by 2.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 35,307 shares of the company’s stock valued at $573,000 after purchasing an additional 689 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of United Natural Foods by 0.8% during the 3rd quarter. Nordea Investment Management AB now owns 109,484 shares of the company’s stock worth $1,543,000 after acquiring an additional 837 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of United Natural Foods by 10.2% during the 4th quarter. Cerity Partners LLC now owns 12,774 shares of the company’s stock worth $207,000 after acquiring an additional 1,178 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of United Natural Foods by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 33,088 shares of the company’s stock worth $537,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of United Natural Foods by 68.2% during the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock worth $37,000 after acquiring an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.