United Natural Foods Sees Unusually Large Options Volume (UNFI)

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United Natural Foods Inc (NASDAQ:UNFI) saw some unusual options trading on Wednesday. Investors acquired 5,092 put options on the company. This represents an increase of 2,843% compared to the typical volume of 173 put options.

United Natural Foods stock opened at $13.26 on Friday. The stock has a market capitalization of $671.84 million, a P/E ratio of 4.26, a PEG ratio of 0.82 and a beta of 2.15. United Natural Foods has a 12-month low of $9.23 and a 12-month high of $47.73. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.21. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.01 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. During the same quarter last year, the business earned $0.71 earnings per share. As a group, equities analysts predict that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on UNFI shares. BidaskClub upgraded United Natural Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 15th. Royal Bank of Canada lowered their target price on United Natural Foods to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, January 17th. Pivotal Research upgraded United Natural Foods from a “sell” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a research note on Tuesday, December 11th. Barclays lowered United Natural Foods from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley lowered their target price on United Natural Foods from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, December 7th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and a consensus price target of $21.13.

Institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC boosted its holdings in United Natural Foods by 2,211.4% in the fourth quarter. Cerebellum GP LLC now owns 3,236 shares of the company’s stock valued at $34,000 after acquiring an additional 3,096 shares during the last quarter. NumerixS Investment Technologies Inc boosted its holdings in United Natural Foods by 100.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock worth $35,000 after buying an additional 1,700 shares during the last quarter. We Are One Seven LLC bought a new position in United Natural Foods during the fourth quarter worth about $41,000. Tower Research Capital LLC TRC boosted its holdings in United Natural Foods by 211.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,219 shares of the company’s stock worth $156,000 after buying an additional 3,543 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in United Natural Foods by 20.4% during the fourth quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock worth $70,000 after buying an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 98.17% of the company’s stock.

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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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