Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Price Target at $43.63

Shares of United Natural Foods, Inc. (NYSE:UNFI) have earned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $43.6250.

A number of brokerages have recently weighed in on UNFI. Deutsche Bank Aktiengesellschaft raised their price objective on shares of United Natural Foods from $40.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, March 12th. BMO Capital Markets raised their price objective on shares of United Natural Foods from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $56.00 in a report on Thursday, March 26th. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, UBS Group raised their price objective on shares of United Natural Foods from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th.

Insider Buying and Selling at United Natural Foods

In other news, insider Danielle Benedict sold 4,807 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $52.00, for a total value of $249,964.00. Following the sale, the insider directly owned 98,470 shares in the company, valued at approximately $5,120,440. This trade represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently modified their holdings of UNFI. SG Americas Securities LLC raised its holdings in shares of United Natural Foods by 155.1% in the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after purchasing an additional 1,053,081 shares in the last quarter. Victory Capital Management Inc. raised its stake in United Natural Foods by 721.3% during the 3rd quarter. Victory Capital Management Inc. now owns 615,889 shares of the company’s stock worth $23,170,000 after acquiring an additional 540,897 shares in the last quarter. Trexquant Investment LP acquired a new stake in United Natural Foods during the 4th quarter worth $12,885,000. Arrowstreet Capital Limited Partnership raised its stake in United Natural Foods by 40.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock worth $48,922,000 after acquiring an additional 374,487 shares in the last quarter. Finally, Towle & Co. acquired a new stake in United Natural Foods during the 3rd quarter worth $13,724,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Price Performance

United Natural Foods stock opened at $51.35 on Monday. The firm has a market cap of $3.12 billion, a PE ratio of -39.50 and a beta of 0.81. United Natural Foods has a 52-week low of $20.78 and a 52-week high of $53.18. The company has a quick ratio of 0.52, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $47.77 and its two-hundred day moving average is $40.42.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, March 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.11 billion. United Natural Foods had a negative net margin of 0.25% and a positive return on equity of 6.05%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. On average, research analysts expect that United Natural Foods will post 2.52 EPS for the current fiscal year.

United Natural Foods Company Profile

United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.