Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $25.94, but opened at $25.11. United Natural Foods shares last traded at $25.05, with a volume of 743,147 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on UNFI. UBS Group reduced their price target on shares of United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $28.33.
View Our Latest Research Report on UNFI
United Natural Foods Stock Performance
The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -14.08 and a beta of 0.90. The firm's 50 day moving average price is $27.00 and its 200-day moving average price is $27.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business had revenue of $8.06 billion during the quarter, compared to analysts' expectations of $7.78 billion. During the same period in the previous year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.
Hedge Funds Weigh In On United Natural Foods
Several institutional investors and hedge funds have recently modified their holdings of UNFI. Dimensional Fund Advisors LP lifted its stake in United Natural Foods by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock valued at $96,450,000 after acquiring an additional 314,587 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of United Natural Foods by 4.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,886,938 shares of the company's stock worth $78,842,000 after acquiring an additional 110,608 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of United Natural Foods by 20.6% during the 1st quarter. American Century Companies Inc. now owns 2,433,948 shares of the company's stock worth $66,666,000 after acquiring an additional 415,700 shares during the last quarter. Marshall Wace LLP grew its holdings in United Natural Foods by 207.0% in the 4th quarter. Marshall Wace LLP now owns 1,357,212 shares of the company's stock valued at $37,065,000 after buying an additional 915,177 shares in the last quarter. Finally, Nuveen LLC acquired a new position in United Natural Foods in the 1st quarter valued at $24,171,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.
United Natural Foods Company Profile
(
Get Free Report)
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.
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