United Natural Foods (NYSE:UNFI) Receives Neutral Rating from Guggenheim

Guggenheim restated their neutral rating on shares of United Natural Foods (NYSE:UNFI) in a report published on Thursday morning,Benzinga reports.

Several other brokerages have also recently issued reports on UNFI. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group upped their price target on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group raised their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.60.

United Natural Foods Trading Up 0.1 %

Shares of NYSE:UNFI opened at $28.49 on Thursday. The business has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $17.15. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $32.20. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that United Natural Foods will post 0.72 EPS for the current year.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the transaction, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in United Natural Foods by 12.2% in the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after purchasing an additional 716 shares during the last quarter. Creative Planning boosted its stake in shares of United Natural Foods by 7.6% during the 3rd quarter. Creative Planning now owns 13,506 shares of the company’s stock valued at $227,000 after buying an additional 953 shares during the last quarter. Keynote Financial Services LLC grew its position in shares of United Natural Foods by 6.6% during the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock worth $229,000 after buying an additional 1,091 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of United Natural Foods by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock worth $488,000 after buying an additional 1,303 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in United Natural Foods by 85.7% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $66,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds 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.