United Natural Foods (UNFI) – Analysts’ Recent Ratings Updates

United Natural Foods (NYSE: UNFI) has recently received a number of price target changes and ratings updates:

• 10/11/2024 – United Natural Foods was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating.
• 10/7/2024 – United Natural Foods had its price target raised by analysts at The Goldman Sachs Group, Inc. from $15.00 to $22.00. They now have a “neutral” rating on the stock.
• 10/2/2024 – United Natural Foods was upgraded by analysts at The Goldman Sachs Group, Inc. from a “hold” rating to a “strong-buy” rating.
• 10/2/2024 – United Natural Foods had its price target raised by analysts at UBS Group AG from $16.00 to $21.00. They now have a “neutral” rating on the stock.
• 10/2/2024 – United Natural Foods had its price target raised by analysts at BMO Capital Markets from $14.00 to $23.00. They now have a “market perform” rating on the stock.

United Natural Foods Stock Performance

Shares of UNFI stock opened at $20.72 on Tuesday. The stock has a market cap of $1.23 billion, a P/E ratio of -10.96 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. The company has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $13.31. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $23.15.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. United Natural Foods’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) EPS. As a group, equities analysts predict that United Natural Foods, Inc. will post 0.64 EPS for the current year.

Insider Buying and Selling

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 value of $299,706.56. Following the transaction, the insider now directly owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On United Natural Foods

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of United Natural Foods in the 2nd quarter valued at $28,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Natural Foods in the 1st quarter valued at $38,000. Allspring Global Investments Holdings LLC increased its stake in shares of 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 valued at $42,000 after acquiring an additional 2,763 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of United Natural Foods in the 1st quarter valued at $42,000. Finally, CWM LLC increased its stake in shares of United Natural Foods by 661.8% in the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after acquiring an additional 2,879 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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.