United Natural Foods (NYSE:UNFI) Trading Down 5.5%

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) dropped 5.5% during trading on Friday . The stock traded as low as $14.51 and last traded at $14.69. Approximately 309,950 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 701,966 shares. The stock had previously closed at $15.54.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Friday. UBS Group increased their target price on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Roth Mkm boosted their price target on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.60.

Get Our Latest Stock Report on United Natural Foods

United Natural Foods Stock Down 5.3 %

The stock has a market cap of $874.80 million, a P/E ratio of -6.10 and a beta of 0.61. The company has a current ratio of 1.51, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average is $10.61 and its 200 day moving average is $13.41.

United Natural Foods (NYSE:UNFIGet Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 0.01 EPS for the current year.

Insider Transactions at United Natural Foods

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

Institutional Trading of United Natural Foods

A number of hedge funds have recently modified their holdings of UNFI. Headlands Technologies LLC acquired a new position in shares of United Natural Foods in the fourth quarter valued at $32,000. Quest Partners LLC bought a new position in shares of United Natural Foods during the 4th quarter worth about $35,000. Spire Wealth Management lifted 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 acquiring an additional 1,310 shares during the period. Public Employees Retirement System of Ohio bought a new stake in United Natural Foods in the first quarter valued at about $38,000. Finally, Fidelis Capital Partners LLC bought a new stake in United Natural Foods in the first quarter valued at about $42,000. Institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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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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