United Natural Foods (NYSE:UNFI) Reaches New 12-Month Low at $10.02

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.02 and last traded at $10.09, with a volume of 71277 shares changing hands. The stock had previously closed at $10.53.

Analysts Set New Price Targets

UNFI has been the topic of several recent research reports. StockNews.com cut United Natural Foods from a "hold" rating to a "sell" rating in a report on Thursday, March 14th. Roth Mkm reiterated a "neutral" rating and issued a $13.00 price target (down previously from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Finally, Wells Fargo & Company decreased their price target 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. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and a consensus target price of $13.40.

United Natural Foods Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29. The stock has a market cap of $607.45 million, a P/E ratio of -5.19 and a beta of 0.55. The stock has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $14.68.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.09. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The firm had revenue of $7.78 billion for the quarter, compared to analysts' expectations of $7.87 billion. During the same quarter last year, the business earned $0.78 earnings per share. The company's revenue was down .5% compared to the same quarter last year. Equities analysts expect that United Natural Foods, Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.35, for a total transaction of $49,656.25. Following the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in United Natural Foods by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company's stock valued at $105,128,000 after purchasing an additional 277,636 shares during the period. Invesco Ltd. increased its stake 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 buying an additional 199,757 shares during the period. Nordea Investment Management AB boosted its position in shares of United Natural Foods by 24.7% during the 4th quarter. Nordea Investment Management AB now owns 136,489 shares of the company's stock valued at $2,221,000 after purchasing an additional 27,005 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of United Natural Foods during the 3rd quarter valued at about $538,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of United Natural Foods by 176.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 172,033 shares of the company's stock valued at $2,433,000 after purchasing an additional 109,812 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

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.