Media coverage about United Natural Foods (NASDAQ:UNFI) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. United Natural Foods earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6974278801866 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts have commented on UNFI shares. Loop Capital set a $56.00 price objective on United Natural Foods and gave the stock a “buy” rating in a research report on Friday, December 8th. Goldman Sachs Group reiterated a “neutral” rating and set a $41.00 target price on shares of United Natural Foods in a research report on Tuesday, November 14th. BMO Capital Markets set a $54.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Saturday, December 9th. TheStreet downgraded United Natural Foods from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. United Natural Foods has a consensus rating of “Hold” and an average target price of $44.83.
United Natural Foods (UNFI) traded down $0.89 during midday trading on Friday, hitting $45.27. The stock had a trading volume of 346,690 shares, compared to its average volume of 518,349. The stock has a market cap of $2,281.65, a PE ratio of 17.34, a PEG ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. United Natural Foods has a fifty-two week low of $29.53 and a fifty-two week high of $52.69.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Thursday, December 7th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business posted $0.58 EPS. analysts expect that United Natural Foods will post 2.82 EPS for the current fiscal year.
In other news, CEO Steven Spinner sold 49,026 shares of United Natural Foods stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total value of $2,426,296.74. Following the completion of the transaction, the chief executive officer now owns 102,637 shares in the company, valued at approximately $5,079,505.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher P. Testa sold 4,744 shares of United Natural Foods stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $49.47, for a total value of $234,685.68. Following the completion of the transaction, the insider now owns 14,782 shares of the company’s stock, valued at approximately $731,265.54. The disclosure for this sale can be found here. Insiders sold a total of 103,191 shares of company stock valued at $5,140,875 in the last quarter. Company insiders own 1.40% of the company’s stock.
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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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