United Natural Foods (NYSE:UNFI) Given New $25.00 Price Target at Wells Fargo & Company

United Natural Foods (NYSE:UNFI - Free Report) had its target price boosted by Wells Fargo & Company from $23.00 to $25.00 in a report published on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also recently issued reports on UNFI. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating in a research note on Friday, October 11th. BMO Capital Markets raised their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. UBS Group boosted their price target on United Natural Foods from $16.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Guggenheim reaffirmed a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. Finally, Roth Mkm increased their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a 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 assigned a buy rating to the stock. According to MarketBeat, United Natural Foods has a consensus rating of "Hold" and an average target price of $25.20.

United Natural Foods Stock Down 5.5 %

Shares of NYSE:UNFI traded down $1.59 during trading on Friday, reaching $27.26. The stock had a trading volume of 444,933 shares, compared to its average volume of 613,339. The firm's 50-day simple moving average is $25.04 and its 200 day simple moving average is $18.98. 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 has a one year low of $8.58 and a one year high of $32.20. The company has a market capitalization of $1.63 billion, a P/E ratio of -17.36 and a beta of 0.63.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.61 billion. During the same period in the previous year, the company earned ($0.04) earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts expect that United Natural Foods will post 0.72 EPS for the current fiscal year.

Insider Transactions at United Natural Foods

In related news, insider Danielle Benedict sold 9,050 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the sale, the insider now owns 88,218 shares of the company's stock, valued at approximately $1,949,617.80. This represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC raised its position in United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after purchasing an additional 639 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of United Natural Foods by 85.7% in the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company's stock valued at $66,000 after buying an additional 1,800 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of United Natural Foods during the second quarter worth about $94,000. Finally, Headlands Technologies LLC increased its stake in shares of United Natural Foods by 27,431.7% during the second quarter. Headlands Technologies LLC now owns 11,288 shares of the company's stock worth $148,000 after buying an additional 11,247 shares during the period. 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.