United Natural Foods (NYSE:UNFI) Hits New 1-Year Low at $9.18

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $9.18 and last traded at $9.22, with a volume of 63773 shares traded. The stock had previously closed at $9.27.

Analysts Set New Price Targets

Several brokerages recently weighed in on UNFI. 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. Wells Fargo & Company dropped their price objective on shares of United Natural Foods from $15.00 to $12.00 and set an "underweight" rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com cut shares of United Natural Foods from a "hold" rating to a "sell" rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.40.

United Natural Foods Stock Performance

The company has a market cap of $540.90 million, a PE ratio of -4.67 and a beta of 0.56. The firm's fifty day moving average is $12.53 and its 200 day moving average is $14.39. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29.

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

Insider Activity

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

Hedge Funds Weigh In On United Natural Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its holdings in shares of United Natural Foods by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 35,307 shares of the company's stock valued at $573,000 after acquiring an additional 689 shares during the period. EMC Capital Management boosted its holdings in shares of United Natural Foods by 17.7% in the third quarter. EMC Capital Management now owns 4,606 shares of the company's stock valued at $65,000 after acquiring an additional 691 shares during the period. Nordea Investment Management AB boosted its holdings in shares of United Natural Foods by 0.8% in the third quarter. Nordea Investment Management AB now owns 109,484 shares of the company's stock valued at $1,543,000 after acquiring an additional 837 shares during the period. Cerity Partners LLC boosted its holdings in shares of United Natural Foods by 10.2% in the fourth quarter. Cerity Partners LLC now owns 12,774 shares of the company's stock valued at $207,000 after acquiring an additional 1,178 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of United Natural Foods by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 33,088 shares of the company's stock valued at $537,000 after acquiring an additional 1,205 shares during the period. 87.63% of the stock is 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.