United Natural Foods (NYSE:UNFI) Sees Large Volume Increase

Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) saw an uptick in trading volume on Monday . 962,734 shares traded hands during mid-day trading, an increase of 37% from the previous session's volume of 704,047 shares.The stock last traded at $13.20 and had previously closed at $13.21.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on United Natural Foods from $15.00 to $12.00 and set an "underweight" rating on the stock in a report on Thursday, March 7th. StockNews.com upgraded United Natural Foods from a "sell" rating to a "hold" rating in a report on Thursday. Roth Mkm increased their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. Finally, UBS Group lifted their price target on shares of 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 given a hold rating to the company's stock. According to data from MarketBeat, United Natural Foods has an average rating of "Hold" and a consensus target price of $13.60.

United Natural Foods Stock Performance

The stock has a fifty day moving average of $10.92 and a 200-day moving average of $13.34. The firm has a market capitalization of $811.77 million, a P/E ratio of -5.66 and a beta of 0.61. The company has a quick ratio of 0.55, a current ratio of 1.51 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the business posted $0.54 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.06 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the sale, the chief accounting officer now owns 32,865 shares in the company, valued at approximately $373,017.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On United Natural Foods

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $12,102,000 after purchasing an additional 115,308 shares during the period. Vanguard Group Inc. lifted 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 buying an additional 277,636 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of United Natural Foods during the fourth quarter worth $1,497,000. Invesco Ltd. boosted its position in shares of United Natural Foods by 10.9% in the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company's stock valued at $28,847,000 after acquiring an additional 199,757 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of United Natural Foods by 24.7% in the fourth quarter. Nordea Investment Management AB now owns 136,489 shares of the company's stock valued at $2,221,000 after acquiring an additional 27,005 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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.