Goldman Sachs Group, Inc. (The) restated their neutral rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a $41.00 target price on the stock.
A number of other equities research analysts have also recently commented on the stock. Pivotal Research reaffirmed a sell rating and issued a $32.00 price target on shares of United Natural Foods in a report on Tuesday, September 12th. Zacks Investment Research raised shares of United Natural Foods from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Tuesday, October 10th. Bank of America Corporation reissued an underperform rating and set a $36.00 target price (up previously from $35.00) on shares of United Natural Foods in a report on Thursday, September 14th. Royal Bank Of Canada reissued a sector perform rating and set a $34.00 target price on shares of United Natural Foods in a report on Friday, September 8th. Finally, TheStreet cut shares of United Natural Foods from a b- rating to a c+ rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $41.89.
Shares of United Natural Foods (NASDAQ UNFI) traded up $1.29 during midday trading on Tuesday, hitting $42.15. The stock had a trading volume of 583,702 shares, compared to its average volume of 781,152. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.58. The stock has a market cap of $2,045.86, a P/E ratio of 15.66, a PEG ratio of 2.95 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. United Natural Foods’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. research analysts expect that United Natural Foods will post 2.71 earnings per share for the current fiscal year.
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United Natural Foods announced that its board has initiated a stock repurchase plan on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, SVP Joseph J. Traficanti sold 5,800 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $250,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,113 shares of the company’s stock, valued at $437,387.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Sean Griffin sold 8,095 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the transaction, the chief operating officer now directly owns 6,521 shares of the company’s stock, valued at $282,033.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,498 shares of company stock valued at $2,659,539. Company insiders own 1.40% of the company’s stock.
Several large investors have recently modified their holdings of UNFI. Vanguard Group Inc. raised its stake in United Natural Foods by 0.6% in the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after buying an additional 24,028 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in United Natural Foods by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock worth $177,554,000 after buying an additional 258,676 shares in the last quarter. Bank of New York Mellon Corp raised its stake in United Natural Foods by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock worth $104,734,000 after buying an additional 84,579 shares in the last quarter. Kiltearn Partners LLP bought a new position in United Natural Foods in the second quarter worth about $74,701,000. Finally, State Street Corp raised its stake in United Natural Foods by 4.2% in the second quarter. State Street Corp now owns 1,666,585 shares of the company’s stock worth $61,167,000 after buying an additional 66,868 shares in the last quarter.
About United Natural Foods
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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