United Natural Foods (NYSE:UNFI) Upgraded by StockNews.com to “Hold”

United Natural Foods (NYSE:UNFIGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently commented on UNFI. UBS Group lifted their target price on United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company reduced their target price on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Finally, Roth Mkm boosted their price target on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.60.

Get Our Latest Stock Analysis on UNFI

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $15.51 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 1.53. The firm has a market cap of $921.87 million, a PE ratio of -7.95 and a beta of 0.61. United Natural Foods has a one year low of $8.58 and a one year high of $23.66. The firm has a fifty day moving average of $10.55 and a 200 day moving average of $13.42.

United Natural Foods (NYSE:UNFIGet Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.51 billion. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts predict that United Natural Foods will post 0.01 EPS for the current fiscal year.

Insider Transactions at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.35, for a total transaction of $49,656.25. Following the sale, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of United Natural Foods by 26.0% during the 3rd quarter. Victory Capital Management Inc. now owns 56,133 shares of the company’s stock worth $794,000 after purchasing an additional 11,576 shares during the period. Barclays PLC lifted its holdings in shares of United Natural Foods by 15.4% during the 3rd quarter. Barclays PLC now owns 45,182 shares of the company’s stock worth $639,000 after acquiring an additional 6,035 shares during the period. Quantbot Technologies LP acquired a new position in shares of United Natural Foods in the 3rd quarter valued at $118,000. Charles Schwab Investment Management Inc. grew its position in United Natural Foods by 8.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 630,320 shares of the company’s stock valued at $8,913,000 after acquiring an additional 51,028 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in United Natural Foods by 53.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,912 shares of the company’s stock valued at $253,000 after buying an additional 6,216 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

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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.

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Analyst Recommendations for United Natural Foods (NYSE:UNFI)

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