United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $26.73, but opened at $26.16. United Natural Foods shares last traded at $26.15, with a volume of 27,890 shares.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a research note on Thursday, December 12th. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. Roth Mkm lifted their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.50.
Get Our Latest Research Report on United Natural Foods
United Natural Foods Stock Up 0.3 %
The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a 50 day simple moving average of $29.39 and a two-hundred day simple moving average of $24.48. The firm has a market capitalization of $1.58 billion, a P/E ratio of -16.65 and a beta of 0.56.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, equities analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.
Institutional Investors Weigh In On United Natural Foods
Several large investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after buying an additional 372 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of United Natural Foods during the 4th quarter worth approximately $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods during the 4th quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new position in shares of United Natural Foods in the fourth quarter valued at $47,000. Finally, Sterling Capital Management LLC increased its position in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after purchasing 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.
Further Reading
Before you consider United Natural Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Natural Foods wasn't on the list.
While United Natural Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
