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United Natural Foods, Inc. (NYSE:UNFI) Given Average Recommendation of "Hold" by Analysts

United Natural Foods logo with Consumer Staples background

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.20.

UNFI has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on United Natural Foods from $15.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Wells Fargo & Company lifted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Friday. Roth Mkm boosted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd.

Read Our Latest Research Report on UNFI

Insider Activity at United Natural Foods

In related news, insider Danielle Benedict sold 9,050 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the sale, the insider now directly owns 88,218 shares of the company's stock, valued at approximately $1,949,617.80. This represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Natural Foods

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company's stock worth $40,094,000 after purchasing an additional 34,522 shares during the period. Geode Capital Management LLC increased its position in United Natural Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company's stock worth $22,852,000 after buying an additional 14,928 shares during the period. American Century Companies Inc. lifted its stake in United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company's stock valued at $16,601,000 after buying an additional 237,496 shares during the last quarter. Hauser Brothers GmbH boosted its holdings in shares of United Natural Foods by 0.6% during the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company's stock valued at $15,340,000 after acquiring an additional 5,000 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of United Natural Foods by 86.6% during the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company's stock worth $3,461,000 after acquiring an additional 122,626 shares during the last quarter. Institutional investors own 87.63% of the company's stock.

United Natural Foods Trading Down 5.5 %

UNFI traded down $1.59 during trading on Friday, hitting $27.26. 444,933 shares of the company's stock were exchanged, compared to its average volume of 613,292. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $32.20. The stock has a 50 day moving average price of $25.04 and a 200 day moving average price of $18.98. The firm has a market cap of $1.63 billion, a P/E ratio of -17.36 and a beta of 0.63. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.61 billion. During the same period in the prior year, the company earned ($0.04) EPS. The firm's revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that United Natural Foods will post 0.72 EPS for the current fiscal year.

United Natural Foods Company Profile

(Get Free Report

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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