United Natural Foods (UNFI) Issues Earnings Results

United Natural Foods (NASDAQ:UNFI) issued its quarterly earnings data on Monday. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11, RTT News reports. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.58 billion. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS.

United Natural Foods stock traded down $0.65 during trading on Wednesday, hitting $46.18. The stock had a trading volume of 862,801 shares, compared to its average volume of 534,381. United Natural Foods has a 1 year low of $29.53 and a 1 year high of $52.69. The company has a current ratio of 2.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.82 and a beta of 1.42.

A number of analysts have commented on UNFI shares. BidaskClub lowered United Natural Foods from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Royal Bank of Canada reissued an “underperform” rating and set a $38.00 price objective on shares of United Natural Foods in a report on Friday, March 9th. Loop Capital boosted their price objective on United Natural Foods to $61.00 and gave the stock a “buy” rating in a report on Friday, March 9th. They noted that the move was a valuation call. BMO Capital Markets set a $57.00 price objective on United Natural Foods and gave the stock a “hold” rating in a report on Thursday, March 8th. Finally, Argus reissued a “buy” rating and set a $45.66 price objective (down from $56.00) on shares of United Natural Foods in a report on Wednesday, March 14th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.69.

In related news, insider Joseph J. Traficanti sold 6,680 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $47.11, for a total value of $314,694.80. Following the transaction, the insider now owns 9,755 shares in the company, valued at $459,558.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Roy sold 3,990 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $43.95, for a total value of $175,360.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,170 shares of company stock worth $829,280. 1.40% of the stock is owned by company insiders.

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.

Earnings History for United Natural Foods (NASDAQ:UNFI)

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