Brokerages expect United Natural Foods, Inc. (NASDAQ:UNFI) to announce sales of $2.39 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for United Natural Foods’ earnings, with the highest sales estimate coming in at $2.40 billion and the lowest estimate coming in at $2.38 billion. United Natural Foods reported sales of $2.28 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is expected to report its next earnings report on Wednesday, December 6th.

On average, analysts expect that United Natural Foods will report full-year sales of $2.39 billion for the current financial year, with estimates ranging from $9.65 billion to $9.72 billion. For the next financial year, analysts forecast that the firm will post sales of $10.27 billion per share, with estimates ranging from $10.03 billion to $10.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. United Natural Foods’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share.

Several equities research analysts recently weighed in on UNFI shares. Citigroup Inc. reiterated a “buy” rating and issued a $46.00 target price (down previously from $49.00) on shares of United Natural Foods in a research note on Sunday, June 11th. Loop Capital reiterated a “buy” rating and issued a $44.00 target price (down previously from $48.00) on shares of United Natural Foods in a research note on Monday, June 26th. Buckingham Research reduced 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 research note 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 research note on Monday, September 25th. Finally, Stephens started coverage on shares of United Natural Foods in a research note on Friday, August 11th. They issued an “equal weight” rating and a $50.00 target price for the company. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.25.

In other news, CFO Michael Paul Zechmeister sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.06, for a total transaction of $506,690.00. Following the completion of the sale, the chief financial officer now owns 1,997 shares of the company’s stock, valued at $87,987.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James P. Heffernan sold 2,660 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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 ninety days, insiders have sold 50,241 shares of company stock valued at $2,205,951. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of UNFI. Sei Investments Co. increased its holdings 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 valued at $133,000 after purchasing an additional 1,162 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after purchasing an additional 711 shares in the last quarter. Riverhead Capital Management LLC increased its holdings 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 valued at $172,000 after purchasing an additional 2,095 shares in the last quarter. Flinton Capital Management LLC increased its holdings 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 valued at $189,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of United Natural Foods in the second quarter valued at approximately $201,000.

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Shares of United Natural Foods (UNFI) opened at 40.52 on Friday. The company has a 50-day moving average price of $38.08 and a 200 day moving average price of $39.05. United Natural Foods has a one year low of $29.53 and a one year high of $49.74. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.83 and a beta of 1.43.

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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Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

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