United Natural Foods (NYSE:UNFI) Price Target Raised to $40.00

United Natural Foods (NYSE:UNFI) had its price objective upped by Jefferies Financial Group from $27.00 to $40.00 in a report published on Wednesday, Marketbeat reports. They currently have a hold rating on the stock.

UNFI has been the subject of several other research reports. Wells Fargo & Company increased their target price on shares of United Natural Foods from $26.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, June 12th. Zacks Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating in a report on Monday, September 15th. Roth Capital raised their price target on shares of United Natural Foods from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group raised their price target on shares of United Natural Foods from $29.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Natural Foods currently has a consensus rating of “Hold” and a consensus price target of $36.00.

United Natural Foods Stock Up 1.2%

Shares of NYSE UNFI opened at $40.51 on Wednesday. The stock has a market cap of $2.46 billion, a P/E ratio of -20.77 and a beta of 0.88. The firm has a 50 day moving average price of $29.05 and a 200 day moving average price of $26.96. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.51 and a current ratio of 1.32. United Natural Foods has a 52-week low of $18.81 and a 52-week high of $41.19.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, September 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.07. The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a negative net margin of 0.37% and a positive return on equity of 2.74%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Analysts expect that United Natural Foods will post 0.76 EPS for the current year.

Insider Activity at United Natural Foods

In related news, insider Danielle Benedict sold 11,655 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total transaction of $411,538.05. Following the sale, the insider directly owned 89,544 shares of the company’s stock, valued at $3,161,798.64. This trade represents a 11.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of United Natural Foods by 88.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock valued at $25,000 after buying an additional 505 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in United Natural Foods by 1,672.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock valued at $27,000 after purchasing an additional 920 shares during the period. EverSource Wealth Advisors LLC raised its stake in United Natural Foods by 84.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock valued at $31,000 after purchasing an additional 609 shares during the period. Ameritas Advisory Services LLC bought a new stake in United Natural Foods during the 2nd quarter valued at approximately $66,000. Finally, Picton Mahoney Asset Management bought a new stake in United Natural Foods during the 1st quarter valued at approximately $69,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.