United Natural Foods (NYSE:UNFI) PT Lowered to $28.00

United Natural Foods (NYSE:UNFI – Get Rating) had its price objective lowered by analysts at BMO Capital Markets from $40.00 to $28.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 1.05% from the company’s current price.

UNFI has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on United Natural Foods from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. UBS Group decreased their price objective on United Natural Foods from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, January 6th. Roth Mkm lowered United Natural Foods from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $63.00 to $34.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on United Natural Foods from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Tuesday, November 29th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and a consensus price target of $38.00.

United Natural Foods Stock Down 5.3 %

United Natural Foods stock opened at $27.71 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.63 and a current ratio of 1.56. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 8.91 and a beta of 1.11. United Natural Foods has a fifty-two week low of $26.60 and a fifty-two week high of $49.56. The stock’s fifty day moving average is $40.29 and its two-hundred day moving average is $40.71.

United Natural Foods (NYSE:UNFI – Get Rating) last posted its earnings results on Wednesday, March 8th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.60). The firm had revenue of $7.82 billion during the quarter, compared to analyst estimates of $7.77 billion. United Natural Foods had a net margin of 0.64% and a return on equity of 14.45%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. Analysts predict that United Natural Foods will post 3.48 EPS for the current fiscal year.

Insider Transactions at United Natural Foods

In other news, President Christopher P. Testa sold 27,931 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $40.54, for a total value of $1,132,322.74. Following the transaction, the president now directly owns 124,848 shares in the company, valued at approximately $5,061,337.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Christopher P. Testa sold 27,931 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $40.54, for a total transaction of $1,132,322.74. Following the sale, the president now directly owns 124,848 shares in the company, valued at approximately $5,061,337.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John W. Howard sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $42.62, for a total value of $298,340.00. Following the sale, the chief financial officer now owns 117,648 shares in the company, valued at $5,014,157.76. The disclosure for this sale can be found here. Insiders have sold a total of 47,681 shares of company stock worth $1,930,613 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Natural Foods

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of United Natural Foods in the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its position in United Natural Foods by 163.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 797 shares of the company’s stock valued at $27,000 after purchasing an additional 495 shares during the period. Ronald Blue Trust Inc. boosted its position in United Natural Foods by 307.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 771 shares of the company’s stock valued at $30,000 after purchasing an additional 582 shares during the period. Allworth Financial LP boosted its position in United Natural Foods by 28.3% during the 3rd quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $46,000 after purchasing an additional 294 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in United Natural Foods during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

United Natural Foods Company Profile

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United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.