United Natural Foods (UNFI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Natural Foods in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UNFI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNFI, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued 12 month target prices for United Natural Foods' shares. Their UNFI share price forecasts range from $13.00 to $63.00. On average, they anticipate the company's stock price to reach $29.00 in the next year. This suggests a possible upside of 99.7% from the stock's current price.
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United Natural Foods' stock was trading at $38.71 on January 1st, 2023. Since then, UNFI stock has decreased by 62.5% and is now trading at $14.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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United Natural Foods, Inc. (NYSE:UNFI) released its quarterly earnings data on Tuesday, September, 26th. The company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates of ($0.47) by $0.22. The company had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.44 billion. United Natural Foods had a trailing twelve-month return on equity of 12.48% and a net margin of 0.43%. United Natural Foods's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share.

ETFs with the largest weight of United Natural Foods (NYSE:UNFI) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Pacer US Small Cap Cash Cows 100 ETF (CALF).First Trust Small Cap Value AlphaDEX Fund (FYT).

United Natural Foods announced that its Board of Directors has initiated a share repurchase plan on Tuesday, September 27th 2022, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

United Natural Foods updated its FY 2024 earnings guidance on Tuesday, September, 26th. The company provided earnings per share (EPS) guidance of -$0.88-$0.38 for the period, compared to the consensus earnings per share estimate of $2.56. The company issued revenue guidance of $30.90 billion-$31.50 billion, compared to the consensus revenue estimate of $31.03 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Natural Foods investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), Pfizer (PFE), QUALCOMM (QCOM), Tesla (TSLA), Cisco Systems (CSCO) and AT&T (T).

United Natural Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNFI."

United Natural Foods' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.33%), Dimensional Fund Advisors LP (6.46%), State Street Corp (3.91%), Pacer Advisors Inc. (3.61%), Kiltearn Partners LLP (2.98%) and Mackenzie Financial Corp (2.89%). Insiders that own company stock include Ann Torre Bates, Christopher P Testa, Danielle Benedict, Eric A Dorne, J Alexander Douglas Jr, John W Howard, Michael C Stigers, Michael S Funk, Paul Scott Green, Peter Roy, Richard Eric Esper and Steven Spinner.
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Shares of UNFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNFI stock can currently be purchased for approximately $14.52.

United Natural Foods (NYSE:UNFI) has a market capitalization of $850.87 million and generates $28.93 billion in revenue each year. The company earns $248 million in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 30,300 workers across the globe.

United Natural Foods' mailing address is 313 IRON HORSE WAY, PROVIDENCE RI, 02908. The official website for the company is www.unfi.com. The company can be reached via phone at (401) 528-8634, via email at investorrelations@unfi.com, or via fax at 401-278-1896.