United Natural Foods, Inc. (UNFI) Given Neutral Rating at The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. reiterated their neutral rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research report released on Tuesday, MarketBeat.com reports. They currently have a $41.00 price target on the stock.
Several other research firms also recently weighed in on UNFI. Argus upgraded United Natural Foods from a hold rating to a buy rating and set a $49.00 price target for the company in a research note on Monday, September 25th. Barclays PLC restated a sell rating and issued a $32.00 price target on shares of United Natural Foods in a research note on Thursday, September 28th. TheStreet upgraded United Natural Foods from a c rating to a b- rating in a research note on Thursday, October 5th. Royal Bank Of Canada restated a sector perform rating and issued a $36.00 price target (up from $34.00) on shares of United Natural Foods in a research note on Wednesday, September 20th. Finally, Jefferies Group LLC restated a hold rating on shares of United Natural Foods in a research note on Monday, October 16th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $41.89.
Shares of United Natural Foods (NASDAQ:UNFI) traded up $1.29 during trading hours on Tuesday, hitting $42.15. The company had a trading volume of 583,702 shares, compared to its average volume of 635,225. The company has a market cap of $2,200.00, a P/E ratio of 15.66, a PEG ratio of 2.95 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $49.58.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts predict that United Natural Foods will post 2.71 EPS for the current year.
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United Natural Foods announced that its board has authorized a stock buyback plan on Friday, October 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In related news, CFO Michael Paul Zechmeister sold 11,500 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $44.06, for a total transaction of $506,690.00. Following the sale, the chief financial officer now owns 1,997 shares in the company, valued at approximately $87,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Sean Griffin sold 8,095 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total value of $350,108.75. Following the sale, the chief operating officer now owns 6,521 shares in the company, valued at approximately $282,033.25. The disclosure for this sale can be found here. Insiders have sold a total of 61,498 shares of company stock worth $2,659,539 in the last 90 days. 1.40% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in UNFI. Kiltearn Partners LLP purchased a new stake in United Natural Foods during the 2nd quarter valued at $74,701,000. Dimensional Fund Advisors LP raised its holdings in United Natural Foods by 30.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock valued at $147,183,000 after buying an additional 939,946 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in United Natural Foods by 161.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after buying an additional 932,281 shares during the period. Hood River Capital Management LLC purchased a new stake in United Natural Foods during the 3rd quarter valued at $14,835,000. Finally, Alliancebernstein L.P. increased its stake in United Natural Foods by 349.1% in the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock worth $13,186,000 after purchasing an additional 279,291 shares during the period.
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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