United Natural Foods (NASDAQ:UNFI) received a $57.00 price objective from equities researchers at BMO Capital Markets in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 16.00% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Loop Capital set a $56.00 price objective on shares of United Natural Foods and gave the company a “buy” rating in a research note on Friday, December 8th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $41.00 price objective on shares of United Natural Foods in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, October 10th. TheStreet cut shares of United Natural Foods from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $34.00 price objective on shares of United Natural Foods in a research note on Monday, December 4th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.83.
Shares of United Natural Foods (NASDAQ:UNFI) traded down $0.13 during trading hours on Wednesday, reaching $49.14. 458,500 shares of the company traded hands, compared to its average volume of 872,473. The stock has a market capitalization of $2,483.25, a PE ratio of 19.05, a P/E/G ratio of 2.82 and a beta of 1.46. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25.
United Natural Foods announced that its Board of Directors has initiated a stock repurchase plan on Friday, October 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, SVP Craig Harder Smith sold 6,253 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total value of $310,086.27. Following the completion of the sale, the senior vice president now directly owns 14,871 shares in the company, valued at approximately $737,452.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James P. Heffernan sold 16,514 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $49.87, for a total transaction of $823,553.18. Following the completion of the sale, the director now owns 7,580 shares of the company’s stock, valued at $378,014.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,191 shares of company stock valued at $5,140,875. 1.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tyers Asset Management LLC bought a new stake in shares of United Natural Foods in the 4th quarter worth approximately $100,000. Acrospire Investment Management LLC increased its stake in shares of United Natural Foods by 575.0% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $126,000 after buying an additional 2,300 shares during the period. Flinton Capital Management LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of United Natural Foods by 11.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,077 shares of the company’s stock worth $130,000 after buying an additional 321 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of United Natural Foods by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,235 shares of the company’s stock worth $130,000 after buying an additional 173 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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