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 year. 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 analysts have issued 1-year price objectives for United Natural Foods' stock. Their UNFI share price forecasts range from $20.00 to $63.00. On average, they anticipate the company's share price to reach $32.71 in the next twelve months. This suggests a possible upside of 55.2% from the stock's current price.
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United Natural Foods' stock was trading at $38.71 at the beginning of the year. Since then, UNFI stock has decreased by 45.5% and is now trading at $21.08.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 26th 2023.
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United Natural Foods, Inc. (NYSE:UNFI) posted its quarterly earnings data on Wednesday, June, 7th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.11. The business earned $7.51 billion during the quarter, compared to analysts' expectations of $7.51 billion. United Natural Foods had a net margin of 0.43% and a trailing twelve-month return on equity of 12.48%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS.

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), Northern Lights Fund Trust IV - Inverse Cramer Tracker ETF (SJIM), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), iShares S&P Small-Cap 600 Value ETF (IJS), First Trust Small Cap Value AlphaDEX Fund (FYT) and SPDR S&P 600 Small CapValue ETF (SLYV).

United Natural Foods declared that its board has approved a stock buyback program on Tuesday, September 27th 2022, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

United Natural Foods updated its FY 2023 earnings guidance on Wednesday, June, 7th. The company provided earnings per share guidance of $1.80-$2.30 for the period, compared to the consensus estimate of $3.32. The company issued revenue guidance of $30.10 billion-$30.50 billion, compared to the consensus revenue estimate of $30.35 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.61%), Dimensional Fund Advisors LP (7.50%), State Street Corp (3.91%), FMR LLC (2.96%), Mackenzie Financial Corp (2.85%) and Wellington Management Group LLP (2.05%). 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 $21.08.

United Natural Foods (NYSE:UNFI) has a market capitalization of $1.25 billion 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.