United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research report issued on Monday.

Several other equities analysts have also recently issued reports on the company. Loop Capital reiterated a “buy” rating and issued a $44.00 price objective (down previously from $48.00) on shares of United Natural Foods in a research note on Monday, June 26th. Pivotal Research reissued a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $34.00 target price on United Natural Foods and gave the stock a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research lowered United Natural Foods from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. Finally, Bank of America Corporation reissued an “underperform” rating and set a $36.00 target price (up previously from $35.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.33.

United Natural Foods (NASDAQ UNFI) opened at 40.51 on Monday. The firm has a 50-day moving average of $39.09 and a 200-day moving average of $38.88. United Natural Foods has a one year low of $29.53 and a one year high of $49.74. The company has a market capitalization of $2.05 billion, a P/E ratio of 15.82 and a beta of 1.43.

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 consensus estimate of $0.70 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, analysts anticipate that United Natural Foods will post $2.71 earnings per share for the current year.

United Natural Foods declared that its board has approved a stock repurchase program on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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In other United Natural Foods news, Director Bates Ann Torre sold 7,190 shares of United Natural Foods stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $40.16, for a total transaction of $288,750.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Michael Hummel sold 1,407 shares of United Natural Foods stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 61,498 shares of company stock worth $2,659,539. 1.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UNFI. KBC Group NV increased its position in United Natural Foods by 243.8% during the first quarter. KBC Group NV now owns 9,208 shares of the company’s stock worth $398,000 after buying an additional 6,530 shares during the period. SG Americas Securities LLC acquired a new position in United Natural Foods during the first quarter worth approximately $581,000. OppenheimerFunds Inc. increased its position in United Natural Foods by 31.3% during the first quarter. OppenheimerFunds Inc. now owns 49,656 shares of the company’s stock worth $2,146,000 after buying an additional 11,838 shares during the period. Principal Financial Group Inc. increased its position in United Natural Foods by 3.9% during the first quarter. Principal Financial Group Inc. now owns 207,276 shares of the company’s stock worth $8,961,000 after buying an additional 7,773 shares during the period. Finally, Advantus Capital Management Inc increased its position in United Natural Foods by 3.2% during the first quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock worth $280,000 after buying an additional 200 shares during the period.

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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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