United Natural Foods (NYSE:UNFI) Stock Price Down 4.7% - Should You Sell?

Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) were down 4.7% on Monday . The stock traded as low as $26.35 and last traded at $26.54. Approximately 124,602 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 689,376 shares. The stock had previously closed at $27.86.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UNFI. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has a consensus rating of "Hold" and an average price target of $27.50.

United Natural Foods Price Performance

The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -16.19 and a beta of 0.90. The stock's 50-day moving average price is $27.15 and its 200-day moving average price is $27.79.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same period in the prior year, the business posted $0.07 earnings per share. United Natural Foods's revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UNFI. Hazlett Burt & Watson Inc. bought a new position in United Natural Foods during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of United Natural Foods by 1,672.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after acquiring an additional 920 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in United Natural Foods during the 4th quarter worth $37,000. Aquatic Capital Management LLC bought a new stake in United Natural Foods in the 4th quarter worth about $47,000. Finally, Sterling Capital Management LLC grew its position in United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after buying an additional 1,672 shares during the period. 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.

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