United Natural Foods (NASDAQ:UNFI) received a $51.00 price objective from equities research analysts at Stephens in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Stephens’ price target suggests a potential upside of 6.69% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Loop Capital set a $56.00 price objective on shares of United Natural Foods and gave the stock a “buy” rating in a report on Friday, December 8th. Goldman Sachs Group reissued a “neutral” rating and set a $41.00 price objective on shares of United Natural Foods in a report on Tuesday, November 14th. TheStreet cut shares of United Natural Foods from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $54.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a report on Saturday, December 9th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.67.

Shares of United Natural Foods (UNFI) opened at $47.80 on Wednesday. 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 has a 1-year low of $29.53 and a 1-year high of $52.69. The firm has a market cap of $2,410.00, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 2.75 and a beta of 1.46.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share 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 company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company earned $0.58 earnings per share. sell-side analysts expect that United Natural Foods will post 2.78 EPS for the current year.

United Natural Foods declared that its board has authorized a share repurchase plan on Friday, October 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, SVP Craig Harder Smith sold 6,253 shares of United Natural Foods stock in a transaction 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 transaction, the senior vice president now directly owns 14,871 shares in the company, valued at approximately $737,452.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph J. Traficanti sold 4,950 shares of United Natural Foods stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $51.34, for a total transaction of $254,133.00. Following the completion of the transaction, the senior vice president now owns 5,080 shares in the company, valued at $260,807.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,191 shares of company stock worth $5,140,875. 1.40% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of UNFI. American Century Companies Inc. purchased a new stake in shares of United Natural Foods during the 2nd quarter worth $531,000. Principal Financial Group Inc. boosted its position in shares of United Natural Foods by 5.0% during the 2nd quarter. Principal Financial Group Inc. now owns 217,576 shares of the company’s stock worth $7,985,000 after purchasing an additional 10,300 shares in the last quarter. Swiss National Bank boosted its position in shares of United Natural Foods by 2.5% during the 2nd quarter. Swiss National Bank now owns 85,000 shares of the company’s stock worth $3,120,000 after purchasing an additional 2,100 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Natural Foods by 59.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 146,889 shares of the company’s stock worth $5,391,000 after purchasing an additional 55,027 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of United Natural Foods by 349.1% during the 2nd quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock worth $13,186,000 after purchasing an additional 279,291 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “United Natural Foods (UNFI) PT Set at $51.00 by Stephens” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://theolympiareport.com/2018/01/17/united-natural-foods-unfi-receives-hold-rating-from-stephens.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.