United Natural Foods (NYSE:UNFI) Trading 4.2% Higher

Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) traded up 4.2% during mid-day trading on Tuesday . The company traded as high as $15.78 and last traded at $15.77. 171,988 shares traded hands during trading, a decline of 74% from the average session volume of 650,205 shares. The stock had previously closed at $15.13.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Mkm lifted their price target on United Natural Foods from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, June 6th. StockNews.com upgraded United Natural Foods from a "sell" rating to a "hold" rating in a research note on Thursday, June 13th. Finally, UBS Group lifted their price target on United Natural Foods from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.60.

United Natural Foods Stock Performance

The company's 50-day simple moving average is $13.63 and its 200 day simple moving average is $12.51. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. The stock has a market cap of $964.01 million, a P/E ratio of -6.73 and a beta of 0.68.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $7.50 billion for the quarter, compared to analysts' expectations of $7.51 billion. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. United Natural Foods's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds have recently modified their holdings of the stock. nVerses Capital LLC bought a new stake in United Natural Foods during the 2nd quarter valued at $28,000. Quest Partners LLC bought a new stake in United Natural Foods during the 4th quarter valued at $35,000. Spire Wealth Management raised its holdings in United Natural Foods by 68.2% during the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company's stock valued at $37,000 after acquiring an additional 1,310 shares during the period. Public Employees Retirement System of Ohio bought a new stake in United Natural Foods during the 1st quarter valued at $38,000. Finally, Fidelis Capital Partners LLC bought a new stake in United Natural Foods during the 1st quarter valued at $42,000. Institutional investors 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.