United Natural Foods (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Monday. They currently have a $49.00 price objective on the stock. Jefferies Group’s price objective suggests a potential upside of 3.99% from the company’s current price. Jefferies Group also issued estimates for United Natural Foods’ Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.92 EPS and Q4 2019 earnings at $0.95 EPS.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Buckingham Research lowered their price target on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 14th. Loop Capital reiterated a “buy” rating and issued a $50.00 price target (up from $44.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 10th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.89.

United Natural Foods (UNFI) traded up $2.24 during mid-day trading on Monday, hitting $47.12. 1,753,864 shares of the stock traded hands, compared to its average volume of 992,981. The firm has a market capitalization of $2,370.00, a price-to-earnings ratio of 18.26, a PEG ratio of 2.81 and a beta of 1.46. United Natural Foods has a twelve month low of $29.53 and a twelve month high of $52.69. 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 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same period in the prior year, the business earned $0.58 earnings per share. sell-side analysts expect that United Natural Foods will post 2.74 EPS for the current year.

United Natural Foods announced that its Board of Directors has initiated a share buyback program on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In other United Natural Foods news, insider John Michael Hummel sold 1,407 shares of United Natural Foods stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $40.72, for a total value of $57,293.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Sean Griffin sold 12,351 shares of United Natural Foods stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $49.41, for a total transaction of $610,262.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,258 shares of company stock worth $5,305,712. 1.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. CS Mckee LP boosted its holdings in shares of United Natural Foods by 0.4% in the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of United Natural Foods by 2.8% in the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after purchasing an additional 196 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of United Natural Foods by 2.5% in the 2nd quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock valued at $316,000 after purchasing an additional 214 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of United Natural Foods by 4.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the company’s stock valued at $367,000 after purchasing an additional 410 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares during the last quarter.

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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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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