United Natural Foods (NASDAQ:UNFI) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday.

Other equities analysts also recently issued research reports about the stock. 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. Wells Fargo & Company reiterated a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a research note on Thursday, September 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $34.00 target price on shares of United Natural Foods in a research note on Monday, December 4th. Barclays reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average price target of $43.33.

United Natural Foods (UNFI) traded down $0.46 during midday trading on Tuesday, reaching $50.97. 741,324 shares of the company were exchanged, compared to its average volume of 806,425. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $52.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82. The stock has a market capitalization of $2,555.83, a P/E ratio of 19.43, a PEG ratio of 3.48 and a beta of 1.46.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company posted $0.58 earnings per share. research analysts predict that United Natural Foods will post 2.74 earnings per share for the current fiscal year.

United Natural Foods declared that its Board of Directors has approved a stock repurchase plan on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In related news, CFO Michael Paul Zechmeister sold 11,500 shares of the business’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 transaction, the chief financial officer now owns 1,997 shares of the company’s stock, valued at $87,987.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bates Ann Torre sold 7,190 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $40.16, for a total transaction of $288,750.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,038 shares of company stock valued at $3,880,800. 1.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of UNFI. Sei Investments Co. lifted its position in United Natural Foods by 47.2% during 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 during the last quarter. Riverhead Capital Management LLC lifted its position in United Natural Foods by 80.6% during 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 during the last quarter. Flinton Capital Management LLC lifted its position in United Natural Foods by 76.9% during 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 during the last quarter. Balasa Dinverno & Foltz LLC bought a new stake in United Natural Foods during the third quarter valued at approximately $208,000. Finally, Bell Bank bought a new stake in United Natural Foods during the third quarter valued at approximately $210,000.

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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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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