Shares of United Natural Foods, Inc. (NASDAQ:UNFI) dropped 5.1% on Monday . The company traded as low as $43.07 and last traded at $43.12. Approximately 723,650 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 715,798 shares. The stock had previously closed at $45.42.
UNFI has been the topic of a number of analyst reports. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 10th. Jefferies Group reiterated a “hold” rating on shares of United Natural Foods in a research report on Monday, October 16th. Susquehanna Bancshares initiated coverage on United Natural Foods in a research report on Monday, October 16th. They issued a “neutral” rating and a $43.00 price target on the stock. Royal Bank of Canada cut United Natural Foods from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from $36.00 to $34.00 in a research report on Tuesday, October 17th. Finally, TheStreet cut United Natural Foods from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and an average target price of $44.83.
The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82. The firm has a market capitalization of $2,170.00, a P/E ratio of 16.71, a P/E/G ratio of 2.60 and a beta of 1.41.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. sell-side analysts expect that United Natural Foods, Inc. will post 2.82 EPS for the current year.
In other news, insider John Michael Hummel sold 1,773 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.42, for a total transaction of $87,621.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher P. Testa sold 4,744 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $49.47, for a total value of $234,685.68. Following the transaction, the insider now directly owns 14,782 shares in the company, valued at approximately $731,265.54. The disclosure for this sale can be found here. Insiders have sold 103,191 shares of company stock worth $5,140,875 in the last ninety days. 1.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of United Natural Foods by 256.4% during the fourth quarter. American Century Companies Inc. now owns 527,689 shares of the company’s stock valued at $25,999,000 after acquiring an additional 379,641 shares during the period. New Amsterdam Partners LLC NY acquired a new position in shares of United Natural Foods during the fourth quarter valued at $8,074,000. C M Bidwell & Associates Ltd. acquired a new position in shares of United Natural Foods during the fourth quarter valued at $127,000. Aperio Group LLC lifted its stake in shares of United Natural Foods by 65.2% during the fourth quarter. Aperio Group LLC now owns 67,488 shares of the company’s stock valued at $3,325,000 after acquiring an additional 26,637 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of United Natural Foods by 177.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,502 shares of the company’s stock valued at $468,000 after acquiring an additional 6,072 shares during the period.
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About United Natural Foods
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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