United Natural Foods, Inc. (NYSE:UNFI) Receives $13.40 Consensus Target Price from Analysts

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) has been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.40.

Several equities research analysts have weighed in on UNFI shares. Wells Fargo & Company lowered their target price on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. Roth Mkm restated a “neutral” rating and issued a $13.00 target price (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. Finally, StockNews.com downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th.

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United Natural Foods Price Performance

NYSE UNFI opened at $12.01 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 1.53. The firm’s 50 day moving average price is $10.41 and its 200-day moving average price is $13.45. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $27.76. The company has a market cap of $713.84 million, a PE ratio of -6.16 and a beta of 0.63.

United Natural Foods (NYSE:UNFIGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that United Natural Foods will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the completion of the transaction, the chief accounting officer now owns 32,865 shares of the company’s stock, valued at $373,017.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of United Natural Foods by 3.9% during the third quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock worth $105,128,000 after purchasing an additional 277,636 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after purchasing an additional 115,308 shares during the period. Invesco Ltd. lifted its position in United Natural Foods by 10.9% during the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after purchasing an additional 199,757 shares during the period. Nordea Investment Management AB lifted its position in United Natural Foods by 24.7% during the fourth quarter. Nordea Investment Management AB now owns 136,489 shares of the company’s stock valued at $2,221,000 after purchasing an additional 27,005 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in United Natural Foods during the third quarter valued at $538,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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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.

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Analyst Recommendations for United Natural Foods (NYSE:UNFI)

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