United Natural Foods (NASDAQ:UNFI) – Research analysts at Northcoast Research reduced their Q4 2018 earnings per share (EPS) estimates for United Natural Foods in a report released on Wednesday, March 14th, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky now forecasts that the company will earn $0.85 per share for the quarter, down from their previous estimate of $0.89. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for United Natural Foods’ FY2019 earnings at $3.63 EPS.
UNFI has been the topic of a number of other research reports. Royal Bank of Canada restated an “underperform” rating and set a $38.00 price objective on shares of United Natural Foods in a research report on Friday, March 9th. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets set a $57.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research report on Thursday, March 8th. Pivotal Research set a $34.00 price objective on shares of United Natural Foods and gave the company a “sell” rating in a research report on Tuesday, March 6th. Finally, Barclays upgraded shares of United Natural Foods from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $32.00 to $43.00 in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.69.
United Natural Foods stock traded up $0.01 during midday trading on Friday, reaching $43.54. 439,572 shares of the company traded hands, compared to its average volume of 665,529. The company has a market cap of $2,194.31, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.44. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The company has a quick ratio of 0.90, a current ratio of 2.33 and a debt-to-equity ratio of 0.25.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.45 billion. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of United Natural Foods by 80.0% during the 4th quarter. SG Americas Securities LLC now owns 24,980 shares of the company’s stock valued at $1,231,000 after purchasing an additional 11,100 shares during the period. M&T Bank Corp bought a new stake in shares of United Natural Foods during the 4th quarter valued at $309,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of United Natural Foods during the 4th quarter valued at $4,433,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of United Natural Foods during the 4th quarter valued at $112,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of United Natural Foods during the 3rd quarter valued at $3,205,000.
In other United Natural Foods news, Director Peter Roy sold 3,990 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $43.95, for a total value of $175,360.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
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United Natural Foods Company Profile
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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