United Natural Foods, Inc. (NASDAQ:UNFI)’s share price was down 5.5% during mid-day trading on Tuesday . The company traded as low as $42.64 and last traded at $42.79. Approximately 806,299 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 688,309 shares. The stock had previously closed at $45.27.
A number of equities analysts have recently issued reports on UNFI shares. Royal Bank of Canada reiterated an “underperform” rating and issued a $34.00 price objective on shares of United Natural Foods in a report on Monday, December 4th. BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Jefferies Group reiterated a “hold” rating and issued a $49.00 price objective on shares of United Natural Foods in a report on Monday, January 8th. Finally, Barclays upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $32.00 to $43.00 in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. United Natural Foods currently has an average rating of “Hold” and an average price target of $44.83.
The company has a market cap of $2,160.00, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25.
United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.58 EPS. equities research analysts anticipate that United Natural Foods, Inc. will post 2.82 earnings per share for the current fiscal year.
In other United Natural Foods news, CEO Steven Spinner sold 49,026 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total transaction of $2,426,296.74. Following the completion of the transaction, the chief executive officer now owns 102,637 shares of the company’s stock, valued at approximately $5,079,505.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Heffernan sold 16,514 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total value of $823,553.18. Following the transaction, the director now directly owns 7,580 shares of the company’s stock, valued at approximately $378,014.60. The disclosure for this sale can be found here. Insiders have sold a total of 103,191 shares of company stock valued at $5,140,875 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. raised its position in United Natural Foods by 22.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock valued at $13,275,000 after purchasing an additional 58,779 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in United Natural Foods during the 3rd quarter valued at approximately $3,205,000. SG Americas Securities LLC raised its position in United Natural Foods by 80.0% during the 4th quarter. SG Americas Securities LLC now owns 24,980 shares of the company’s stock valued at $1,231,000 after purchasing an additional 11,100 shares during the last quarter. Kalos Management Inc. bought a new position in United Natural Foods during the 3rd quarter valued at approximately $652,000. Finally, Columbia Partners L L C Investment Management bought a new position in United Natural Foods during the 3rd quarter valued at approximately $263,000.
United Natural Foods Company Profile
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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