United Natural Foods, Inc. (NYSE:UNFI) Given Average Rating of “Reduce” by Brokerages

United Natural Foods, Inc. (NYSE:UNFI) has earned a consensus rating of “Reduce” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.40.

A number of equities research analysts have recently commented on UNFI shares. Roth Mkm reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $15.00) on shares of United Natural Foods in a research report on Thursday, March 7th. Wells Fargo & Company dropped their target price on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Finally, StockNews.com lowered United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.

Insider Transactions at United Natural Foods

In related news, CAO Richard Eric Esper sold 4,375 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the completion of the sale, the chief accounting officer now directly owns 32,865 shares in the company, valued at approximately $373,017.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Natural Foods

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of United Natural Foods during the 4th quarter worth $27,000. Price T Rowe Associates Inc. MD raised its holdings in shares of United Natural Foods by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,499 shares of the company’s stock worth $674,000 after buying an additional 3,663 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth $167,000. Occudo Quantitative Strategies LP acquired a new position in shares of United Natural Foods during the 4th quarter worth $777,000. Finally, Prelude Capital Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth $175,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Price Performance

United Natural Foods stock opened at $10.43 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 1.53. The firm has a market cap of $619.96 million, a P/E ratio of -5.35 and a beta of 0.55. The business’s fifty day moving average is $13.91 and its two-hundred day moving average is $14.80. United Natural Foods has a 52 week low of $10.27 and a 52 week high of $28.37.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.87 billion. During the same quarter last year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that United Natural Foods will post 0.01 earnings per share for the current fiscal year.

United Natural Foods Company Profile

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.