United Natural Foods, Inc. (NYSE:UNFI) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of United Natural Foods, Inc. (NYSE:UNFI) have received an average recommendation of “Reduce” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.40.

A number of analysts recently weighed in on UNFI shares. Wells Fargo & Company reduced their price objective on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. StockNews.com downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Roth Mkm restated a “neutral” rating and set a $13.00 price objective (down previously from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th.

Insider Activity at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now directly owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UNFI. Headlands Technologies LLC acquired a new stake in United Natural Foods during the fourth quarter worth about $32,000. Quest Partners LLC purchased a new stake in shares of United Natural Foods in the 4th quarter valued at approximately $35,000. Spire Wealth Management increased its holdings in shares of United Natural Foods by 68.2% during the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock worth $37,000 after buying an additional 1,310 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of United Natural Foods by 317.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock valued at $42,000 after buying an additional 2,763 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of United Natural Foods during the 1st quarter valued at approximately $42,000. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

UNFI stock opened at $9.42 on Friday. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $28.37. The company has a market cap of $559.92 million, a P/E ratio of -4.83 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54. The stock’s fifty day moving average price is $11.52 and its 200-day moving average price is $14.11.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.87 billion. During the same quarter last year, the business posted $0.78 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that United Natural Foods will post -0.01 earnings per share for the current year.

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.