Jefferies Group set a $53.00 target price on United Natural Foods (NASDAQ:UNFI) in a research note released on Friday morning. The firm currently has a hold rating on the stock. Jefferies Group also issued estimates for United Natural Foods’ Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.86 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $1.06 EPS and Q4 2019 earnings at $1.08 EPS.
Several other brokerages have also issued reports on UNFI. TheStreet upgraded United Natural Foods from a c+ rating to a b- rating in a research note on Tuesday, December 12th. BidaskClub lowered United Natural Foods from a buy rating to a hold rating in a research note on Friday, December 22nd. BMO Capital Markets set a $54.00 price objective on United Natural Foods and gave the company a hold rating in a research note on Saturday, December 9th. Loop Capital set a $56.00 price objective on United Natural Foods and gave the company a buy rating in a research note on Friday, December 8th. Finally, Susquehanna Bancshares set a $49.00 price objective on United Natural Foods and gave the company a hold rating in a research note on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $44.88.
United Natural Foods (NASDAQ:UNFI) opened at $45.48 on Friday. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.33. The stock has a market capitalization of $2,290.00, a PE ratio of 14.77, a P/E/G ratio of 2.41 and a beta of 1.45.
In other news, COO Sean Griffin sold 12,351 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.41, for a total value of $610,262.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joseph J. Traficanti sold 4,950 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $51.34, for a total value of $254,133.00. Following the completion of the transaction, the senior vice president now directly owns 5,080 shares in the company, valued at $260,807.20. The disclosure for this sale can be found here. Insiders sold a total of 78,651 shares of company stock worth $3,919,614 over the last three months. 1.40% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in UNFI. Old Mutual Global Investors UK Ltd. acquired a new position in shares of United Natural Foods in the 4th quarter worth approximately $112,000. C M Bidwell & Associates Ltd. acquired a new position in United Natural Foods during the 4th quarter worth $127,000. Strs Ohio lifted its holdings in United Natural Foods by 440.0% during the 4th quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $133,000 after buying an additional 2,200 shares in the last quarter. We Are One Seven LLC acquired a new position in United Natural Foods during the 4th quarter worth $176,000. Finally, BSW Wealth Partners acquired a new position in United Natural Foods during the 4th quarter worth $200,000.
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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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