United Natural Foods (NYSE:UNFI – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
UNFI has been the subject of a number of other research reports. UBS Group boosted their price objective on shares of United Natural Foods from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Wells Fargo & Company lowered their price objective on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their target price on shares of United Natural Foods from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, December 7th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $13.00 price objective (down previously from $15.00) on shares of United Natural Foods in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.00.
United Natural Foods Price Performance
UNFI stock opened at $11.96 on Friday. The firm has a 50 day moving average of $15.46 and a 200-day moving average of $15.98. United Natural Foods has a 12-month low of $11.74 and a 12-month high of $30.77. The company has a current ratio of 1.53, a quick ratio of 0.51 and a debt-to-equity ratio of 1.29. The company has a market cap of $710.54 million, a price-to-earnings ratio of -6.13 and a beta of 0.58.
United Natural Foods (NYSE:UNFI – Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.87 billion. During the same period in the previous year, the company earned $0.78 EPS. United Natural Foods’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that United Natural Foods will post -0.09 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its holdings in United Natural Foods by 976.1% in the 1st quarter. Quarry LP now owns 990 shares of the company’s stock worth $26,000 after acquiring an additional 898 shares during the period. Headlands Technologies LLC bought a new position in shares of United Natural Foods during the 4th quarter worth about $32,000. Quest Partners LLC bought a new position in shares of United Natural Foods during the 4th quarter worth about $35,000. Tower Research Capital LLC TRC increased its holdings in shares of United Natural Foods by 579.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,540 shares of the company’s stock worth $67,000 after purchasing an additional 2,166 shares during the period. Finally, State of Wyoming increased its holdings in shares of United Natural Foods by 116.2% during the 2nd quarter. State of Wyoming now owns 3,113 shares of the company’s stock worth $61,000 after purchasing an additional 1,673 shares during the period. Institutional investors own 88.85% of the company’s stock.
About United Natural Foods
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.