United Natural Foods (NYSE:UNFI) Hits New 12-Month High - Here's What Happened

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $52.00 and last traded at $51.32, with a volume of 457497 shares trading hands. The stock had previously closed at $50.30.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on United Natural Foods from $48.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Weiss Ratings restated a "sell (d-)" rating on shares of United Natural Foods in a research report on Wednesday, April 8th. Zacks Research cut United Natural Foods from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Wall Street Zen cut United Natural Foods from a "buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group lifted their price objective on United Natural Foods from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Natural Foods has a consensus rating of "Hold" and an average target price of $43.63.

United Natural Foods Trading Up 2.0%

The company has a current ratio of 1.33, a quick ratio of 0.52 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -39.48 and a beta of 0.82. The company has a fifty day moving average of $43.46 and a 200-day moving average of $38.91.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. The company had revenue of $7.95 billion for the quarter, compared to analysts' expectations of $8.11 billion. United Natural Foods had a positive return on equity of 6.05% and a negative net margin of 0.25%.United Natural Foods's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. As a group, equities research analysts anticipate that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UNFI. Cullen Frost Bankers Inc. acquired a new position in shares of United Natural Foods during the 4th quarter worth approximately $26,000. Quarry LP acquired a new position in shares of United Natural Foods during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC boosted its holdings in shares of United Natural Foods by 4,266.7% during the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company's stock worth $30,000 after purchasing an additional 768 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of United Natural Foods by 84.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company's stock worth $31,000 after purchasing an additional 609 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Company Profile

United Natural Foods, Inc NYSE: UNFI is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI's core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.

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