Somewhat Favorable News Coverage Somewhat Unlikely to Impact United Natural Foods (UNFI) Stock Price
Press coverage about United Natural Foods (NASDAQ:UNFI) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Natural Foods earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.6764539249543 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ETFs with exposure to United Natural Foods, Inc. : October 10, 2017 (finance.yahoo.com)
- United Natural Foods, Inc. (UNFI) Director Bates Ann Torre Sells 7,190 Shares (americanbankingnews.com)
- Zacks Investment Research Upgrades United Natural Foods, Inc. (UNFI) to Buy (americanbankingnews.com)
- Corporate News Blog – United Natural Foods Announces a $200 Million Share Repurchase Program (finance.yahoo.com)
- Head to Head Review: United Natural Foods (UNFI) and Its Competitors (americanbankingnews.com)
UNFI has been the subject of a number of recent research reports. BidaskClub upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Morgan Stanley reiterated an “underweight” rating and issued a $33.00 target price (down from $36.00) on shares of United Natural Foods in a report on Monday, June 19th. Pivotal Research reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 target price (down from $44.00) on shares of United Natural Foods in a report on Sunday, June 25th. Finally, Loop Capital reiterated a “buy” rating and issued a $44.00 target price (down from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.41.
United Natural Foods (UNFI) traded up 0.05% during trading on Wednesday, hitting $40.23. 142,145 shares of the stock traded hands. The company’s 50 day moving average price is $38.48 and its 200 day moving average price is $38.93. The company has a market cap of $2.04 billion, a P/E ratio of 15.71 and a beta of 1.43. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $49.74.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, equities research analysts anticipate that United Natural Foods will post $2.71 EPS for the current fiscal year.
United Natural Foods declared that its board has initiated a share buyback plan on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, insider Paul Scott Green sold 3,374 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $44.55, for a total value of $150,311.70. Following the transaction, the insider now owns 11,058 shares of the company’s stock, valued at $492,633.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sean Griffin sold 6,521 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.60, for a total value of $290,836.60. The disclosure for this sale can be found here. In the last three months, insiders sold 57,431 shares of company stock worth $2,494,702. Corporate insiders own 1.30% of the company’s stock.
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United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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