United Natural Foods (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by stock analysts at Oppenheimer in a research note issued to investors on Tuesday.

UNFI has been the subject of a number of other research reports. Royal Bank Of Canada set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, August 29th. Pivotal Research reissued a “sell” rating and issued a $32.00 price target on shares of United Natural Foods in a report on Tuesday, September 12th. BidaskClub raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Argus raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.89.

Shares of United Natural Foods (NASDAQ UNFI) opened at $49.41 on Tuesday. The firm has a market cap of $2,520.00, a P/E ratio of 20.42, a PEG ratio of 3.85 and a beta of 1.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 2.36. United Natural Foods has a fifty-two week low of $29.53 and a fifty-two week high of $52.69.

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

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

In other news, insider John Michael Hummel sold 1,407 shares of United Natural Foods stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $40.72, for a total transaction of $57,293.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Paul Zechmeister sold 11,500 shares of United Natural Foods stock in a transaction on Monday, September 25th. The stock was sold at an average price of $44.06, for a total transaction of $506,690.00. Following the transaction, the chief financial officer now directly owns 1,997 shares in the company, valued at $87,987.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,498 shares of company stock worth $2,659,539. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new position in shares of United Natural Foods during the third quarter worth $1,213,000. California Public Employees Retirement System boosted its position in shares of United Natural Foods by 11.7% during the third quarter. California Public Employees Retirement System now owns 73,632 shares of the company’s stock worth $3,062,000 after purchasing an additional 7,732 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of United Natural Foods by 18.9% during the third quarter. Janney Montgomery Scott LLC now owns 8,415 shares of the company’s stock worth $350,000 after purchasing an additional 1,336 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of United Natural Foods by 112.7% during the third quarter. Cubist Systematic Strategies LLC now owns 15,105 shares of the company’s stock worth $628,000 after purchasing an additional 8,005 shares in the last quarter. Finally, Kalos Management Inc. bought a new position in shares of United Natural Foods during the third quarter worth $652,000.

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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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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