Wells Fargo & Company Increases United Natural Foods (NYSE:UNFI) Price Target to $25.00

United Natural Foods (NYSE:UNFI) had its price target increased by equities researchers at Wells Fargo & Company from $23.00 to $25.00 in a report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 13.37% from the company’s current price.

A number of other equities research analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group lifted their target price on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Roth Mkm raised their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, UBS Group increased their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.20.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $28.86 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.73 billion, a PE ratio of -18.38 and a beta of 0.63. The firm has a 50 day moving average of $25.04 and a 200-day moving average of $18.98. United Natural Foods has a 12 month low of $8.58 and a 12 month high of $32.20.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that United Natural Foods will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the sale, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its stake in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after acquiring an additional 639 shares during the last quarter. nVerses Capital LLC grew its position in shares of United Natural Foods by 85.7% during the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $66,000 after acquiring an additional 1,800 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of United Natural Foods during the 2nd quarter worth approximately $94,000. Finally, Quest Partners LLC bought a new stake in shares of United Natural Foods in the 3rd quarter worth approximately $157,000. 87.63% of the stock is currently owned by hedge funds and other 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.