Stephens set a $51.00 price objective on United Natural Foods (NASDAQ:UNFI) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.
Several other equities analysts have also recently issued reports on the stock. Barclays raised shares of United Natural Foods from an underweight rating to an equal weight rating and boosted their price objective for the company from $32.00 to $43.00 in a research note on Tuesday. Susquehanna Bancshares set a $51.00 price objective on shares of United Natural Foods and gave the company a hold rating in a research note on Thursday, January 11th. Jefferies Group reissued a hold rating and issued a $49.00 price objective on shares of United Natural Foods in a research note on Monday, January 8th. Northcoast Research raised shares of United Natural Foods from a neutral rating to a buy rating in a research note on Monday, January 8th. Finally, BidaskClub cut shares of United Natural Foods from a buy rating to a hold rating in a research note on Friday, December 22nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $44.67.
United Natural Foods (NASDAQ:UNFI) opened at $49.00 on Wednesday. The company has a market cap of $2,433.86, a price-to-earnings ratio of 18.99, a PEG ratio of 2.77 and a beta of 1.46. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $52.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same period in the previous year, the company posted $0.58 EPS. analysts predict that United Natural Foods will post 2.82 earnings per share for the current fiscal year.
United Natural Foods announced that its Board of Directors has approved a stock repurchase program on Friday, October 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other United Natural Foods news, Director James P. Heffernan sold 16,514 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total transaction of $823,553.18. Following the sale, the director now directly owns 7,580 shares in the company, valued at approximately $378,014.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Michael Hummel sold 1,773 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.42, for a total transaction of $87,621.66. The disclosure for this sale can be found here. Insiders have sold a total of 103,191 shares of company stock worth $5,140,875 over the last 90 days. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC boosted its position in shares of United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after purchasing an additional 2,095 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of United Natural Foods by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after buying an additional 2,240 shares in the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of United Natural Foods in the 3rd quarter worth about $208,000. Bell Bank purchased a new stake in shares of United Natural Foods in the 3rd quarter worth about $210,000. Finally, Quantbot Technologies LP boosted its position in shares of United Natural Foods by 553.1% in the 2nd quarter. Quantbot Technologies LP now owns 5,826 shares of the company’s stock worth $213,000 after buying an additional 4,934 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Stephens Reiterates $51.00 Price Target for United Natural Foods (UNFI)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/20/stephens-reiterates-51-00-price-target-for-united-natural-foods-unfi.html.
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.
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.