United Natural Foods (NYSE:UNFI) Trading Up 3.5%

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United Natural Foods, Inc. (NYSE:UNFI)’s share price was up 3.5% during trading on Tuesday . The stock traded as high as $50.89 and last traded at $50.89. Approximately 253 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,013,578 shares. The stock had previously closed at $49.19.

Several equities research analysts recently commented on UNFI shares. MKM Partners boosted their price objective on shares of United Natural Foods from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, December 9th. UBS Group began coverage on shares of United Natural Foods in a research note on Tuesday, December 14th. They issued a “buy” rating and a $64.00 target price for the company. Jefferies Financial Group reissued a “hold” rating and issued a $47.00 target price on shares of United Natural Foods in a research note on Wednesday, October 13th. BMO Capital Markets boosted their target price on shares of United Natural Foods from $36.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, September 30th. Finally, Northcoast Research boosted their target price on shares of United Natural Foods from $42.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Natural Foods presently has a consensus rating of “Hold” and a consensus price target of $48.78.

The firm’s 50 day moving average price is $49.18. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.55 and a current ratio of 1.49. The company has a market capitalization of $2.97 billion, a P/E ratio of 13.66 and a beta of 0.95.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Wednesday, December 8th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.36. United Natural Foods had a net margin of 0.83% and a return on equity of 18.64%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that United Natural Foods, Inc. will post 4.18 earnings per share for the current year.

In other news, CEO Michael C. Stigers sold 35,157 shares of the business’s stock in a transaction dated Friday, October 1st. The stock was sold at an average price of $48.04, for a total transaction of $1,688,942.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard Eric Esper sold 6,500 shares of the business’s stock in a transaction dated Thursday, December 16th. The stock was sold at an average price of $49.25, for a total value of $320,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 127,078 shares of company stock valued at $6,087,152 in the last quarter. Company insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP purchased a new position in United Natural Foods in the 2nd quarter worth approximately $25,000. Counterpoint Mutual Funds LLC purchased a new position in United Natural Foods in the 3rd quarter worth approximately $26,000. Northern Oak Wealth Management Inc. purchased a new position in United Natural Foods in the 2nd quarter worth approximately $30,000. Macquarie Group Ltd. boosted its holdings in United Natural Foods by 280.3% in the 3rd quarter. Macquarie Group Ltd. now owns 905 shares of the company’s stock worth $44,000 after acquiring an additional 667 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in United Natural Foods by 26.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,210 shares of the company’s stock worth $108,000 after acquiring an additional 467 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

About United Natural Foods (NYSE:UNFI)

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.

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