Susquehanna Bancshares Inc initiated coverage on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research report released on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $43.00 price objective on the stock.

UNFI has been the topic of several other research reports. BMO Capital Markets set a $38.00 price target on United Natural Foods and gave the company a hold rating in a research note on Tuesday, June 27th. Royal Bank Of Canada set a $34.00 price target on United Natural Foods and gave the company a hold rating in a research note on Tuesday, August 29th. Jefferies Group LLC reaffirmed a hold rating and set a $38.00 price target (down previously from $44.00) on shares of United Natural Foods in a research note on Sunday, June 25th. Pivotal Research reaffirmed a sell rating and set a $32.00 price target on shares of United Natural Foods in a research note on Tuesday, September 12th. Finally, BidaskClub raised United Natural Foods from a sell rating to a hold rating in a research note on Saturday, July 1st. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $42.33.

Shares of United Natural Foods (NASDAQ UNFI) traded down 1.43% during midday trading on Monday, hitting $39.87. 249,570 shares of the company were exchanged. The company’s 50 day moving average price is $39.73 and its 200 day moving average price is $38.87. United Natural Foods has a one year low of $29.53 and a one year high of $49.74. The firm has a market cap of $2.02 billion, a P/E ratio of 15.57 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Equities analysts expect that United Natural Foods will post $2.71 EPS for the current year.

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United Natural Foods announced that its Board of Directors has initiated a stock repurchase program on Friday, October 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, SVP Eric A. Dorne sold 9,321 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $44.34, for a total transaction of $413,293.14. Following the completion of the transaction, the senior vice president now directly owns 12,346 shares in the company, valued at $547,421.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bates Ann Torre sold 7,190 shares of the stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The disclosure for this sale can be found here. Insiders sold 61,498 shares of company stock valued at $2,659,539 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Robecosam AG grew its holdings in shares of United Natural Foods by 83.4% during the second quarter. Robecosam AG now owns 63,044 shares of the company’s stock worth $2,274,000 after buying an additional 28,668 shares in the last quarter. CS Mckee LP grew its holdings in shares of United Natural Foods by 0.4% during the second quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after buying an additional 100 shares in the last quarter. Rowland & Co. Investment Counsel ADV grew its holdings in shares of United Natural Foods by 89.1% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 9,700 shares of the company’s stock worth $357,000 after buying an additional 4,570 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of United Natural Foods by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 159,431 shares of the company’s stock worth $5,852,000 after buying an additional 5,475 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of United Natural Foods by 2.1% during the second quarter. Earnest Partners LLC now owns 1,286,088 shares of the company’s stock worth $47,199,000 after buying an additional 26,895 shares in the last quarter.

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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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