United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s share price dropped 6.8% during trading on Monday . The stock traded as low as $29.66 and last traded at $29.62. Approximately 282,940 shares changed hands during trading, a decline of 50% from the average daily volume of 571,538 shares. The stock had previously closed at $31.79.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price target on United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a report on Friday, January 10th. Roth Mkm raised their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Finally, Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $26.40.
Read Our Latest Stock Report on UNFI
United Natural Foods Trading Down 0.9 %
The company has a market capitalization of $1.63 billion, a PE ratio of -17.30 and a beta of 0.62. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The stock's fifty day moving average price is $29.71 and its two-hundred day moving average price is $23.60.
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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.61 billion. During the same quarter in the previous year, the company earned ($0.04) earnings per share. United Natural Foods's quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.
Institutional Trading of United Natural Foods
A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after buying an additional 372 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in United Natural Foods during the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods in the fourth quarter worth approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $47,000. Finally, Sterling Capital Management LLC boosted its position in shares of United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after buying an additional 1,672 shares during the last quarter. 87.63% of the stock is owned by institutional investors.
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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