United Natural Foods (NYSE:UNFI) Given New $25.00 Price Target at Wells Fargo & Company

United Natural Foods (NYSE:UNFI) had its price objective upped by Wells Fargo & Company from $23.00 to $25.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 8.29% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. BMO Capital Markets boosted 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 report on Wednesday, December 11th. Roth Mkm increased their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, UBS Group lifted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.20.

United Natural Foods Trading Down 5.5 %

Shares of NYSE:UNFI opened at $27.26 on Friday. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $32.20. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -17.36 and a beta of 0.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.52 and a current ratio of 1.48. The stock’s 50-day simple moving average is $25.18 and its two-hundred day simple moving average is $19.12.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. Analysts expect that United Natural Foods will post 0.72 EPS for the current year.

Insider Activity at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of United Natural Foods stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the completion of the sale, the insider now directly owns 88,218 shares of the company’s stock, valued at $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in shares of United Natural Foods by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after acquiring an additional 237,496 shares in the last quarter. Renaissance Technologies LLC grew its stake in United Natural Foods by 86.6% in the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after purchasing an additional 122,626 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after purchasing an additional 96,341 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of United Natural Foods by 352.2% during the third quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock valued at $1,820,000 after buying an additional 84,257 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of United Natural Foods in the 2nd quarter valued at about $917,000. 87.63% of the stock is currently owned by institutional investors.

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.