United Natural Foods (UNFI) Rating Reiterated by Jefferies Group

Jefferies Group reiterated their hold rating on shares of United Natural Foods (NASDAQ:UNFI) in a report published on Monday. Jefferies Group currently has a $49.00 price target on the stock. Jefferies Group also issued estimates for United Natural Foods’ Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.92 EPS and Q4 2019 earnings at $0.95 EPS.

Several other equities research analysts have also commented on UNFI. Northcoast Research upgraded shares of United Natural Foods from a neutral rating to a buy rating in a research note on Monday. Barclays restated a sell rating and issued a $32.00 price target on shares of United Natural Foods in a research note on Thursday, September 28th. Royal Bank of Canada restated a sector perform rating and issued a $36.00 price target (up previously from $34.00) on shares of United Natural Foods in a research note on Wednesday, September 20th. BMO Capital Markets restated a market perform rating and issued a $40.00 price target (up previously from $38.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Finally, BidaskClub lowered shares of United Natural Foods from a buy rating to a hold rating in a research note on Friday, December 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $43.89.

Shares of United Natural Foods (NASDAQ UNFI) traded down $0.76 during trading hours on Monday, hitting $46.36. 1,091,851 shares of the company’s stock traded hands, compared to its average volume of 1,379,500. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The firm has a market capitalization of $2,350.00, a price-to-earnings ratio of 17.97, a P/E/G ratio of 2.81 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $0.58 earnings per share. sell-side analysts anticipate that United Natural Foods will post 2.74 EPS for the current fiscal year.

United Natural Foods declared that its board has approved a share buyback plan on Friday, October 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, SVP Craig Harder Smith sold 6,253 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total transaction of $310,086.27. Following the transaction, the senior vice president now owns 14,871 shares in the company, valued at $737,452.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher P. Testa sold 4,744 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $49.47, for a total transaction of $234,685.68. Following the transaction, the insider now owns 14,782 shares in the company, valued at approximately $731,265.54. The disclosure for this sale can be found here. Insiders have sold 107,258 shares of company stock worth $5,305,712 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Ltd. grew its position in United Natural Foods by 22.6% in the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock worth $13,275,000 after buying an additional 58,779 shares during the last quarter. Alliancebernstein L.P. grew its position in United Natural Foods by 349.1% in the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock worth $13,186,000 after buying an additional 279,291 shares during the last quarter. Goldman Sachs Group Inc. grew its position in United Natural Foods by 91.8% in the second quarter. Goldman Sachs Group Inc. now owns 420,559 shares of the company’s stock worth $15,435,000 after buying an additional 201,291 shares during the last quarter. Vanguard Group Inc. grew its position in United Natural Foods by 0.6% in the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after buying an additional 24,028 shares during the last quarter. Finally, Senvest Management LLC acquired a new position in United Natural Foods in the second quarter worth approximately $3,120,000.

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About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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