United Natural Foods (NYSE:UNFI) Sets New 52-Week Low at $9.32

United Natural Foods, Inc. (NYSE:UNFI) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.32 and last traded at $9.40, with a volume of 106600 shares traded. The stock had previously closed at $9.67.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UNFI. Wells Fargo & Company reduced their price target on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Roth Mkm reissued a “neutral” rating and set a $13.00 price target (down previously from $15.00) on shares of United Natural Foods in a research report on Thursday, March 7th. Finally, StockNews.com cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.40.

United Natural Foods Trading Down 4.3 %

The company’s fifty day moving average is $13.26 and its two-hundred day moving average is $14.53. The stock has a market cap of $549.82 million, a price-to-earnings ratio of -4.92 and a beta of 0.56. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The firm had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. On average, research analysts predict that United Natural Foods, Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now directly owns 32,865 shares in the company, valued at $373,017.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Natural Foods

A number of hedge funds have recently modified their holdings of UNFI. Quarry LP grew its position in shares of United Natural Foods by 976.1% during the first quarter. Quarry LP now owns 990 shares of the company’s stock worth $26,000 after acquiring an additional 898 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of United Natural Foods during the fourth quarter worth approximately $32,000. Quest Partners LLC purchased a new position in shares of United Natural Foods during the fourth quarter worth approximately $35,000. Tower Research Capital LLC TRC grew its position in shares of United Natural Foods by 66.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,531 shares of the company’s stock worth $50,000 after acquiring an additional 1,408 shares during the last quarter. Finally, State of Wyoming grew its position in shares of United Natural Foods by 116.2% during the second quarter. State of Wyoming now owns 3,113 shares of the company’s stock worth $61,000 after acquiring an additional 1,673 shares during the last quarter. 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.