United Natural Foods (UNFI) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Natural Foods in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" UNFI shares.
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5 brokerages have issued 12-month price targets for United Natural Foods' shares. Their UNFI share price targets range from $12.00 to $16.00. On average, they predict the company's share price to reach $13.40 in the next year. This suggests a possible upside of 44.6% from the stock's current price.
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United Natural Foods' stock was trading at $16.23 at the beginning of 2024. Since then, UNFI stock has decreased by 42.9% and is now trading at $9.27.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024.
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United Natural Foods, Inc. (NYSE:UNFI) announced its quarterly earnings data on Wednesday, March, 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $7.78 billion for the quarter, compared to analysts' expectations of $7.87 billion. United Natural Foods had a positive trailing twelve-month return on equity of 1.20% and a negative net margin of 0.38%. United Natural Foods's revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS.

ETFs with the largest weight of United Natural Foods (NYSE:UNFI) stock in their portfolio include Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap Consumer Staples ETF (PSCC) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).First Trust Small Cap Value AlphaDEX Fund (FYT).

United Natural Foods announced that its Board of Directors has authorized a share buyback program on Tuesday, September 27th 2022, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

United Natural Foods updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of -0.560-0.060 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $30.5 billion-$31.0 billion, compared to the consensus revenue estimate of $31.0 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Natural Foods investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), Pfizer (PFE), QUALCOMM (QCOM), Tesla (TSLA), Cisco Systems (CSCO) and AT&T (T).

United Natural Foods' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Counterpoint Mutual Funds LLC (0.10%). Insiders that own company stock include Ann Torre Bates, Christopher P Testa, Danielle Benedict, Eric A Dorne, J Alexander Douglas Jr, John W Howard, Michael C Stigers, Michael S Funk, Paul Scott Green, Peter Roy, Richard Eric Esper and Steven Spinner.
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Shares of UNFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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