Loop Capital Analysts Give United Natural Foods (UNFI) a $56.00 Price Target
Several other analysts also recently issued reports on UNFI. BidaskClub downgraded United Natural Foods from a hold rating to a sell rating in a research note on Friday, August 11th. Barclays reissued a sell rating and issued a $32.00 price target on shares of United Natural Foods in a research note on Thursday, September 28th. Stephens started coverage on United Natural Foods in a research report on Friday, August 11th. They issued an equal weight rating and a $50.00 target price on the stock. Oppenheimer reaffirmed a hold rating on shares of United Natural Foods in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed an underperform rating and issued a $34.00 target price on shares of United Natural Foods in a research report on Monday, December 4th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $43.33.
Shares of United Natural Foods (NASDAQ UNFI) opened at $49.62 on Friday. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The stock has a market capitalization of $2,507.44, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the business posted $0.58 EPS. equities research analysts forecast that United Natural Foods will post 2.74 earnings per share for the current fiscal year.
United Natural Foods announced that its board has initiated a share repurchase plan on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, COO Sean Griffin sold 6,521 shares of United Natural Foods stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $44.60, for a total transaction of $290,836.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Michael Hummel sold 1,407 shares of United Natural Foods stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The disclosure for this sale can be found here. Insiders have sold 61,498 shares of company stock valued at $2,659,539 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in United Natural Foods by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after purchasing an additional 24,028 shares during the period. Dimensional Fund Advisors LP grew its holdings in United Natural Foods by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock worth $177,554,000 after purchasing an additional 258,676 shares during the period. Bank of New York Mellon Corp grew its holdings in United Natural Foods by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock worth $104,734,000 after purchasing an additional 84,579 shares during the period. Kiltearn Partners LLP bought a new position in United Natural Foods during the second quarter worth about $74,701,000. Finally, State Street Corp grew its holdings in United Natural Foods by 4.2% during the second quarter. State Street Corp now owns 1,666,585 shares of the company’s stock worth $61,167,000 after purchasing an additional 66,868 shares during the period.
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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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