United Natural Foods (NYSE:UNFI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of United Natural Foods (NYSE:UNFI) from a sell rating to a hold rating in a research report report published on Thursday.

Other analysts have also issued reports about the stock. Wells Fargo & Company decreased their target price on shares of 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. UBS Group raised their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a neutral rating in a research report on Thursday, June 6th. Finally, Roth Mkm increased their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a neutral rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $13.60.

United Natural Foods Stock Down 3.0 %

Shares of UNFI stock opened at $13.21 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.51 and a debt-to-equity ratio of 1.28. United Natural Foods has a 12 month low of $8.58 and a 12 month high of $21.28. The stock has a 50 day moving average of $10.92 and a 200-day moving average of $13.35. The firm has a market cap of $785.60 million, a PE ratio of -5.48 and a beta of 0.61.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that United Natural Foods will post 0.06 EPS for the current year.

Insider Transactions at United Natural Foods

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

Hedge Funds Weigh In On United Natural Foods

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in United Natural Foods by 18.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after acquiring an additional 115,308 shares during the last quarter. Vanguard Group Inc. grew its position in shares of United Natural Foods by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock worth $105,128,000 after buying an additional 277,636 shares during the period. Invenomic Capital Management LP bought a new stake in shares of United Natural Foods during the fourth quarter worth approximately $1,497,000. Invesco Ltd. lifted its holdings in United Natural Foods by 10.9% in the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after buying an additional 199,757 shares during the period. Finally, Nordea Investment Management AB boosted its stake in United Natural Foods by 24.7% in the fourth quarter. Nordea Investment Management AB now owns 136,489 shares of the company’s stock valued at $2,221,000 after acquiring an additional 27,005 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

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.