United Natural Foods, Inc. (NYSE:UNFI) Receives Consensus Rating of “Reduce” from Analysts

United Natural Foods, Inc. (NYSE:UNFI) has received an average recommendation of “Reduce” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.60.

A number of research analysts have commented on UNFI shares. UBS Group upped their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Roth Mkm increased their target price on United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. Finally, Wells Fargo & Company dropped their price objective on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $13.41 on Friday. United Natural Foods has a twelve month low of $8.58 and a twelve month high of $21.28. The business has a 50-day moving average price of $11.25 and a 200 day moving average price of $13.31. The company has a quick ratio of 0.55, a current ratio of 1.51 and a debt-to-equity ratio of 1.28. The firm has a market cap of $797.49 million, a PE ratio of -5.56 and a beta of 0.61.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that United Natural Foods will post 0.06 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at approximately $373,017.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in United Natural Foods in the 4th quarter worth approximately $32,000. Quest Partners LLC bought a new position in United Natural Foods in the 4th quarter worth $35,000. Spire Wealth Management raised its holdings in United Natural Foods by 68.2% in the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock worth $37,000 after acquiring an additional 1,310 shares during the period. Public Employees Retirement System of Ohio bought a new position in United Natural Foods in the 1st quarter worth $38,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in United Natural Foods by 317.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after acquiring an additional 2,763 shares during the period. Institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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.