The price of United Natural Foods Inc. (NYSE:UNFI) shares last traded on Wall Street rose 3.15% to $39.99.
Based on available information, 15 analysts follow United Natural Foods Inc. (NYSE:UNFI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $63.00 and a low of $40.00, we find $44.00. Given the previous closing price of $38.77, this indicates a potential upside of 13.49 percent. UNFI stock price is now -4.99% away from the 50-day moving average and -4.44% away from the 200-day moving average. The market capitalization of the company currently stands at $2.32B.
Among analysts, 9 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $47.09 as their price target over the next twelve months.
On March 17, 2022, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $35 to quote $38, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Esper Richard Eric, Chief Accounting Officer sold 5,250 shares of the company’s stock on Dec 19. The stock was sold for $199,500 at an average price of $38.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 30,303 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 29, Chief Executive Officer DOUGLAS J ALEXANDER JR bought 2,932 shares of the business’s stock. A total of $99,629 was incurred on buying the stock at an average price of $33.98. This leaves the insider owning 56,763 shares of the company worth $2.27 million. Insiders disposed of 207,792 shares of company stock worth roughly $8.31 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UNFI stock. A new stake in United Natural Foods Inc. shares was purchased by CASTELLAN GROUP during the first quarter worth $3,628,000. AXA S.A. invested $2,335,000 in shares of UNFI during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in United Natural Foods Inc. valued at approximately $2,151,000. AMUNDI acquired a new stake in UNFI for approximately $1,898,000. TWINBEECH CAPITAL LP purchased a new stake in UNFI valued at around $1,584,000 in the second quarter. In total, there are 406 active investors with 91.90% ownership of the company’s stock.
A candlestick chart of United Natural Foods Inc. (NYSE: UNFI) showed a price of $39.05 on Friday morning. During the past 12 months, United Natural Foods Inc. has had a low of $32.90 and a high of $49.56. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 1.70, and a quick ratio of 0.60. The fifty day moving average price for UNFI is $42.01 and a two-hundred day moving average price translates $41.84 for the stock.
The latest earnings results from United Natural Foods Inc. (NYSE: UNFI) was released for Jul, 2022. According to the Food Distribution Company, earnings per share came in at $1.27, inline with analysts’ expectations of $1.27. This compares to $1.26 EPS in the same period last year. The net profit margin was 0.80% and return on equity was 13.40% for UNFI. The company reported revenue of $7.53 billion for the quarter, compared to $7.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.65 percent. For the current quarter, analysts expect UNFI to generate $7.45B in revenue.
United Natural Foods Inc.(UNFI) 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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. It also provides nuts, dried fruit, seeds, trail mixes, granola, natural and organic snack items, and confections under the Woodstock Farms Manufacturing name; organic, non-GMO project verified, and specialty food and non-food items under the Blue Marble brand; pet food under the WILD HARVEST brand; and imported Greek feta cheese and organic ramen under the MT.VIKOS, KOYO, ASIAN GOURMET, MEDITERRANEAN ORGANIC, and NATURAL SEA brands, as well as various products under the TUMARO’S, ESSENTIAL EVERYDAY, SHOPPERS VALUE, Field Day, EQUALINE, CULINARY CIRCLE, ARCTIC SHORES SEAFOOD COMPANY, STONE RIDGE CREAMERY, and SUPER CHILL brands. In addition, the company provides home, health and beauty care, and pharmacy products, as well as private label products through a network of 73 Cub Foods and Shoppers retail grocery stores; and retail store support, pricing strategy, shelf and planogram management, advertising, couponing, ecommerce, consumer convenience, store design, equipment sourcing, electronic payments processing, network and data hosting, point-of-sale hardware and software, automation tools, sustainability, and administrative back-office solution services. Further, it offers consumer and trade marketing programs, and programs to support suppliers in understanding its markets. The company serves chains, independent retailers, and supernatural chains, as well as foodservice, ecommerce, conventional military business, and other sales customers. United Natural Foods, Inc. was founded in 1976 and is headquartered in Providence, Rhode Island.