United Natural Foods (NASDAQ:UNFI)‘s stock had its “underperform” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Monday. They presently have a $34.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 31.33% from the company’s previous close.

UNFI has been the subject of a number of other research reports. Pivotal Research reaffirmed a “sell” rating and set a $32.00 price objective on shares of United Natural Foods in a research note on Tuesday, September 12th. BidaskClub raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets set a $38.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Argus raised 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 report on Monday, September 25th. Finally, Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and an average price target of $41.89.

United Natural Foods (NASDAQ UNFI) opened at $49.51 on Monday. United Natural Foods has a one year low of $29.53 and a one year high of $52.69. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The company has a market cap of $2,510.00, a PE ratio of 18.60, a PEG ratio of 3.50 and a beta of 1.46.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that United Natural Foods will post 2.71 earnings per share for the current year.

United Natural Foods declared that its board has authorized a share buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other United Natural Foods news, SVP Joseph J. Traficanti sold 5,800 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.25, for a total value of $250,850.00. Following the completion of the transaction, the senior vice president now owns 10,113 shares in the company, valued at approximately $437,387.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Michael Hummel sold 1,407 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,498 shares of company stock valued at $2,659,539. 1.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of United Natural Foods by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock valued at $157,415,000 after buying an additional 24,028 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of United Natural Foods by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock valued at $177,554,000 after buying an additional 258,676 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of United Natural Foods by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock valued at $104,734,000 after buying an additional 84,579 shares during the last quarter. Kiltearn Partners LLP purchased a new position in shares of United Natural Foods during the 2nd quarter valued at approximately $74,701,000. Finally, State Street Corp boosted its stake in shares of United Natural Foods by 4.2% during the 2nd quarter. State Street Corp now owns 1,666,585 shares of the company’s stock valued at $61,167,000 after buying an additional 66,868 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “United Natural Foods (UNFI) Stock Rating Reaffirmed by Royal Bank Of Canada” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://theolympiareport.com/2017/12/06/united-natural-foods-unfi-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.