United Natural Foods (NYSE:UNFI) PT Raised to $16.00 at UBS Group

United Natural Foods (NYSE:UNFI - Get Free Report) had its target price upped by UBS Group from $14.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target suggests a potential upside of 3.16% from the stock's current price.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company lowered their price target on shares of United Natural Foods from $15.00 to $12.00 and set an "underweight" rating for the company in a report on Thursday, March 7th. Roth Mkm raised their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, StockNews.com downgraded shares of United Natural Foods from a "hold" rating to a "sell" rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.60.

United Natural Foods Trading Up 15.7 %

NYSE UNFI traded up $2.11 during trading hours on Thursday, reaching $15.51. The company's stock had a trading volume of 1,753,048 shares, compared to its average volume of 705,923. The firm has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $13.42. The stock has a market cap of $921.87 million, a P/E ratio of -7.95 and a beta of 0.61. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $23.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the business earned $0.54 EPS. The company's revenue was down .1% compared to the same quarter last year. Equities analysts forecast that United Natural Foods will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at United Natural Foods

In related news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods 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 sale, the chief accounting officer now owns 32,865 shares of the company's stock, valued at approximately $373,017.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company's stock.

Institutional Trading of United Natural Foods

Several hedge funds have recently bought and sold shares of UNFI. Vanguard Group Inc. boosted its holdings in United Natural Foods by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company's stock worth $87,175,000 after acquiring an additional 321,020 shares during the last quarter. Invesco Ltd. boosted its holdings in United Natural Foods by 10.9% during the 3rd quarter. Invesco Ltd. now owns 2,040,105 shares of the company's stock worth $28,847,000 after acquiring an additional 199,757 shares during the last quarter. Private Management Group Inc. boosted its holdings in United Natural Foods by 47.4% during the 1st quarter. Private Management Group Inc. now owns 1,186,507 shares of the company's stock worth $13,633,000 after acquiring an additional 381,396 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Natural Foods by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company's stock worth $12,102,000 after acquiring an additional 115,308 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in United Natural Foods by 2,136.5% during the 4th quarter. Federated Hermes Inc. now owns 657,320 shares of the company's stock worth $10,668,000 after acquiring an additional 627,930 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

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.