United Natural Foods, Inc. (NYSE:UNFI) Receives $22.60 Average Price Target from Analysts

United Natural Foods, Inc. (NYSE:UNFI) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.60.

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

United Natural Foods Stock Performance

NYSE UNFI opened at $25.88 on Monday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -16.48 and a beta of 0.64. The company has a 50 day moving average of $23.14 and a 200-day moving average of $17.67. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39. United Natural Foods has a 1-year low of $8.58 and a 1-year high of $32.20.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The company had revenue of $7.90 billion during 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 company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that United Natural Foods will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of United Natural Foods stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total transaction of $200,005.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of 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 purchasing an additional 716 shares in the last quarter. Creative Planning boosted its position in shares of United Natural Foods by 7.6% during the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares in the last quarter. Keynote Financial Services LLC boosted its position in shares of United Natural Foods by 6.6% during the second 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 in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of United Natural Foods by 3.6% during the second 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 in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of United Natural Foods by 85.7% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after purchasing an additional 1,800 shares in the last quarter. 87.63% of the stock is owned by institutional investors.

United Natural Foods Company Profile

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.