Royal Bank of Canada reaffirmed their underperform rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note published on Friday. The brokerage currently has a $38.00 price target on the stock.
Several other brokerages have also recently commented on UNFI. Stephens set a $51.00 price target on United Natural Foods and gave the company a hold rating in a research report on Wednesday, January 17th. Jefferies Group reissued a hold rating and set a $49.00 price target on shares of United Natural Foods in a research report on Monday, January 8th. Oppenheimer reissued a hold rating on shares of United Natural Foods in a research report on Tuesday, December 5th. BidaskClub raised United Natural Foods from a hold rating to a buy rating in a research report on Saturday, December 2nd. Finally, Susquehanna Bancshares set a $49.00 price objective on United Natural Foods and gave the company a hold rating in a research report on Thursday, December 7th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $45.67.
United Natural Foods (NASDAQ:UNFI) traded up $2.20 during mid-day trading on Friday, hitting $45.94. The stock had a trading volume of 3,130,000 shares, compared to its average volume of 560,966. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2,430.00, a PE ratio of 14.92, a P/E/G ratio of 2.53 and a beta of 1.45. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $52.69.
In other United Natural Foods news, Director James P. Heffernan sold 7,580 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.01, for a total transaction of $394,235.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Craig Harder Smith sold 6,253 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.59, for a total value of $310,086.27. Following the transaction, the senior vice president now owns 14,871 shares in the company, valued at approximately $737,452.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,191 shares of company stock worth $5,140,875. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of UNFI. First Trust Advisors LP increased its stake in United Natural Foods by 8.3% during the 3rd quarter. First Trust Advisors LP now owns 99,968 shares of the company’s stock worth $4,158,000 after acquiring an additional 7,650 shares during the period. Aperio Group LLC increased its stake in United Natural Foods by 119.1% during the 3rd quarter. Aperio Group LLC now owns 40,851 shares of the company’s stock worth $1,699,000 after acquiring an additional 22,209 shares during the period. Crossmark Global Holdings Inc. bought a new position in United Natural Foods during the 3rd quarter worth $419,000. Stevens Capital Management LP bought a new position in United Natural Foods during the 3rd quarter worth $570,000. Finally, American Century Companies Inc. increased its stake in United Natural Foods by 924.1% during the 3rd quarter. American Century Companies Inc. now owns 148,048 shares of the company’s stock worth $6,157,000 after acquiring an additional 133,592 shares during the period.
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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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