United Natural Foods, Inc. (NYSE:UNFI) Receives $13.40 Average Price Target from Analysts

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) has earned a consensus recommendation of "Reduce" from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.40.

UNFI has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on United Natural Foods from $15.00 to $12.00 and set an "underweight" rating for the company in a research note on Thursday, March 7th. Roth Mkm reaffirmed a "neutral" rating and set a $13.00 price objective (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. Finally, StockNews.com downgraded United Natural Foods from a "hold" rating to a "sell" rating in a research note on Thursday, March 14th.

United Natural Foods Stock Performance

Shares of NYSE UNFI remained flat at $10.43 during trading hours on Monday. The company had a trading volume of 620,561 shares, compared to its average volume of 680,331. The stock has a market capitalization of $619.96 million, a price-to-earnings ratio of -5.35 and a beta of 0.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 1.53. United Natural Foods has a 1 year low of $10.27 and a 1 year high of $28.37. The business's fifty day simple moving average is $13.82 and its 200-day simple moving average is $14.74.

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, beating analysts' consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to analysts' expectations of $7.87 billion. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts predict that United Natural Foods will post 0.01 EPS for the current year.

Insider Transactions at United Natural Foods

In related news, CAO Richard Eric Esper sold 4,375 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the sale, the chief accounting officer now owns 32,865 shares in the company, valued at approximately $373,017.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On United Natural Foods

Large investors have recently bought and sold shares of the stock. Zions Bancorporation N.A. boosted its holdings in shares of United Natural Foods by 7.2% during the first quarter. Zions Bancorporation N.A. now owns 3,694 shares of the company's stock worth $153,000 after purchasing an additional 247 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of United Natural Foods by 1.2% during the second quarter. LPL Financial LLC now owns 21,287 shares of the company's stock worth $838,000 after purchasing an additional 254 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of United Natural Foods by 0.7% during the first quarter. Yousif Capital Management LLC now owns 59,273 shares of the company's stock worth $2,451,000 after purchasing an additional 414 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of United Natural Foods by 1.8% during the second quarter. Captrust Financial Advisors now owns 25,358 shares of the company's stock worth $999,000 after purchasing an additional 445 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of United Natural Foods by 0.6% in the 1st quarter. First Trust Advisors LP now owns 81,460 shares of the company's stock worth $2,146,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

About United Natural Foods

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.