Roth Mkm Increases United Natural Foods (NYSE:UNFI) Price Target to $26.00

United Natural Foods (NYSE:UNFI) had its target price upped by equities researchers at Roth Mkm from $20.00 to $26.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s price target would indicate a potential downside of 8.74% from the stock’s current price.

UNFI has been the subject of several other reports. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group increased their price objective on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. UBS Group lifted their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets increased their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.60.

United Natural Foods Stock Performance

NYSE:UNFI opened at $28.49 on Thursday. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $32.20. The company has a fifty day simple moving average of $22.43 and a two-hundred day simple moving average of $17.11. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -18.15 and a beta of 0.64.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities analysts anticipate that United Natural Foods will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $19.78, for a total transaction of $299,706.56. Following the sale, the insider now directly owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in United Natural Foods in the 2nd quarter valued at about $28,000. CWM LLC boosted its position in United Natural Foods by 661.8% during the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares during the period. Van ECK Associates Corp lifted its position in United Natural Foods by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after acquiring an additional 716 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in United Natural Foods in the 2nd quarter worth approximately $94,000. Finally, Innealta Capital LLC purchased a new position in shares of United Natural Foods in the second quarter valued at $97,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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.