Shares of United Natural Foods Inc (NASDAQ:UNFI) rose 6.2% during trading on Friday . The stock traded as high as $9.89 and last traded at $9.87, approximately 531,653 shares were traded during mid-day trading. A decline of 59% from the average daily volume of 1,302,558 shares. The stock had previously closed at $9.29.
UNFI has been the topic of several recent analyst reports. Buckingham Research restated a “neutral” rating and issued a $11.00 price objective (down from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. BMO Capital Markets set a $10.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, June 7th. Loop Capital upped their price objective on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.98.
The business has a 50 day moving average of $9.55. The firm has a market capitalization of $500.69 million, a PE ratio of 3.17, a PEG ratio of 0.82 and a beta of 2.15. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 125.1% on a year-over-year basis. As a group, analysts predict that United Natural Foods Inc will post 1.73 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in United Natural Foods by 22.7% in the fourth quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock valued at $79,669,000 after buying an additional 1,393,591 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in United Natural Foods by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 777,876 shares of the company’s stock valued at $8,237,000 after buying an additional 137,158 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in United Natural Foods by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,338 shares of the company’s stock valued at $342,000 after buying an additional 1,050 shares in the last quarter. Advisor Group Inc. increased its holdings in United Natural Foods by 93.5% in the fourth quarter. Advisor Group Inc. now owns 12,347 shares of the company’s stock valued at $131,000 after buying an additional 5,966 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in United Natural Foods by 120.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 65,081 shares of the company’s stock valued at $636,000 after buying an additional 35,514 shares in the last quarter. 98.17% of the stock is currently owned by hedge funds and other institutional investors.
United Natural Foods Company Profile (NASDAQ:UNFI)
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.
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