Susquehanna Bancshares Analysts Give United Natural Foods (UNFI) a $49.00 Price Target
Other analysts have also issued research reports about the stock. TheStreet raised shares of United Natural Foods from a c rating to a b- rating in a research report on Thursday, October 5th. Loop Capital reiterated a buy rating and issued a $50.00 target price (up previously from $44.00) on shares of United Natural Foods in a report on Thursday, September 14th. Buckingham Research dropped their target price on shares of United Natural Foods from $53.00 to $51.00 and set a buy rating for the company in a report on Thursday, September 14th. Argus upgraded shares of United Natural Foods from a hold rating to a buy rating and set a $49.00 target price for the company in a report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a hold rating to a buy rating and set a $45.00 target price for the company in a report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. United Natural Foods has an average rating of Hold and an average price target of $42.56.
Shares of United Natural Foods (NASDAQ UNFI) opened at $49.75 on Thursday. The company has a market cap of $2,507.45, a P/E ratio of 19.06, a PEG ratio of 3.65 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $52.69.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.13%. During the same quarter in the previous year, the company earned $0.58 EPS. analysts forecast that United Natural Foods will post 2.74 earnings per share for the current year.
United Natural Foods declared that its board has approved a stock buyback program on Friday, October 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other United Natural Foods news, insider John Michael Hummel sold 1,407 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $40.72, for a total value of $57,293.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Heffernan sold 2,660 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total transaction of $117,784.80. Following the completion of the transaction, the director now owns 29,724 shares of the company’s stock, valued at approximately $1,316,178.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,498 shares of company stock valued at $2,659,539. Insiders own 1.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. Sei Investments Co. grew its stake in shares of United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after acquiring an additional 1,162 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of United Natural Foods by 80.6% in the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after acquiring an additional 2,095 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of United Natural Foods by 76.9% in the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after acquiring an additional 2,240 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in shares of United Natural Foods in the third quarter worth $208,000. Finally, Bell Bank acquired a new position in shares of United Natural Foods in the third quarter worth $210,000.
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About United Natural Foods
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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