United Natural Foods Stock Price, News & Analysis (NYSE:UNFI)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United Natural Foods in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street 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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7 analysts have issued twelve-month target prices for United Natural Foods' stock. Their UNFI share price targets range from $13.00 to $35.00. On average, they expect the company's share price to reach $20.83 in the next twelve months. This suggests a possible upside of 36.8% from the stock's current price.
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United Natural Foods' stock was trading at $38.71 at the beginning of 2023. Since then, UNFI stock has decreased by 60.7% and is now trading at $15.23.
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United Natural Foods, Inc. (NYSE:UNFI) announced its quarterly earnings results on Wednesday, December, 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.28. The firm had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a net margin of 0.08% and a trailing twelve-month return on equity of 7.49%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 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 has authorized a share buyback plan on Tuesday, September 27th 2022, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

United Natural Foods issued an update on its FY24 earnings guidance on Wednesday, December, 6th. The company provided earnings per share guidance of ($0.88)-0.38 for the period, compared to the consensus estimate of ($0.11). The company issued revenue guidance of $30.9-31.5 billion, compared to the consensus revenue estimate of $31.15 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' stock is owned by many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (3.49%), Mackenzie Financial Corp (2.94%), JPMorgan Chase & Co. (1.51%), Private Management Group Inc. (1.37%), Northern Trust Corp (1.10%) and Charles Schwab Investment Management Inc. (1.08%). 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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