United Natural Foods, Inc. (UNFI) Receives $44.69 Average Price Target from Analysts

United Natural Foods, Inc. (NASDAQ:UNFI) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $44.69.

UNFI has been the topic of a number of research reports. BidaskClub lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Pivotal Research set a $34.00 target price on shares of United Natural Foods and gave the stock a “sell” rating in a research note on Tuesday, March 6th. Susquehanna Bancshares set a $51.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Friday, March 9th. BMO Capital Markets set a $57.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Thursday, March 8th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $38.00 target price on shares of United Natural Foods in a research note on Friday, March 9th.

In other news, CEO Steven Spinner sold 7,500 shares of United Natural Foods stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $45.23, for a total transaction of $339,225.00. Following the sale, the chief executive officer now owns 100,633 shares of the company’s stock, valued at approximately $4,551,630.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Roy sold 3,990 shares of United Natural Foods stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $43.95, for a total transaction of $175,360.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,170 shares of company stock worth $829,280. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH purchased a new stake in shares of United Natural Foods during the 1st quarter valued at approximately $507,000. Principal Financial Group Inc. raised its position in shares of United Natural Foods by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 222,915 shares of the company’s stock valued at $9,572,000 after buying an additional 4,009 shares during the period. Summit Trail Advisors LLC raised its position in shares of United Natural Foods by 3,013.3% during the 1st quarter. Summit Trail Advisors LLC now owns 144,518 shares of the company’s stock valued at $145,000 after buying an additional 139,876 shares during the period. Xact Kapitalforvaltning AB increased its holdings in United Natural Foods by 41.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,209 shares of the company’s stock valued at $310,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in United Natural Foods by 3.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 92,706 shares of the company’s stock valued at $3,981,000 after purchasing an additional 2,727 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

UNFI stock traded down $0.76 during trading on Friday, hitting $45.35. The stock had a trading volume of 463,700 shares, compared to its average volume of 533,346. The company has a current ratio of 2.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25. United Natural Foods has a twelve month low of $29.53 and a twelve month high of $52.69. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.81 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.17. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $0.50 EPS. United Natural Foods’s revenue was up 10.6% compared to the same quarter last year. equities analysts forecast that United Natural Foods will post 3.1 EPS for the current fiscal year.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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