Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $22.60

Shares of United Natural Foods, Inc. (NYSE:UNFI) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.60.

UNFI has been the subject of a number of research reports. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Roth Mkm lifted their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Finally, UBS Group boosted their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd.

Insider Transactions at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the transaction, the insider now owns 88,218 shares of the company’s stock, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On United Natural Foods

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in United Natural Foods by 12.2% during the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after buying an additional 716 shares during the last quarter. Creative Planning grew its position in shares of United Natural Foods by 7.6% during the 3rd quarter. Creative Planning now owns 13,506 shares of the company’s stock valued at $227,000 after acquiring an additional 953 shares during the period. Keynote Financial Services LLC increased its stake in shares of United Natural Foods by 6.6% during the 2nd quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock worth $229,000 after purchasing an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of United Natural Foods by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock worth $488,000 after purchasing an additional 1,303 shares during the period. Finally, nVerses Capital LLC lifted its stake in United Natural Foods by 85.7% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $66,000 after purchasing an additional 1,800 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Down 1.3 %

United Natural Foods stock opened at $25.88 on Monday. The company has a market capitalization of $1.55 billion, a PE ratio of -16.48 and a beta of 0.64. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $32.20. The firm’s fifty day moving average is $23.03 and its 200 day moving average is $17.54. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, sell-side analysts predict that United Natural Foods will post 0.72 EPS for the current fiscal year.

About United Natural Foods

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.