United Natural Foods Inc (NYSE:UNFI)’s stock price was up 5.5% during mid-day trading on Wednesday . The stock traded as high as $9.24 and last traded at $9.21, approximately 917,836 shares changed hands during mid-day trading. A decline of 24% from the average daily volume of 1,214,754 shares. The stock had previously closed at $8.73.

Several research analysts recently issued reports on UNFI shares. Wells Fargo & Co lowered shares of United Natural Foods from an “equal weight” rating to an “underweight” rating and set a $6.00 price target for the company. in a research report on Friday. BidaskClub raised shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. Pivotal Research dropped their price target on shares of United Natural Foods from $6.00 to $3.00 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Buckingham Research dropped their price target on shares of United Natural Foods from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Finally, ValuEngine lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. United Natural Foods presently has a consensus rating of “Hold” and a consensus target price of $10.57.

The company has a debt-to-equity ratio of 3.62, a current ratio of 1.69 and a quick ratio of 0.67. The stock has a market capitalization of $467.13 million, a P/E ratio of 4.02, a PEG ratio of 0.77 and a beta of 2.14. The company’s 50 day simple moving average is $8.63 and its two-hundred day simple moving average is $8.79.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.80 billion. United Natural Foods had a positive return on equity of 5.89% and a negative net margin of 2.65%. United Natural Foods’s quarterly revenue was up 109.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. On average, research analysts anticipate that United Natural Foods Inc will post 1.25 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in shares of United Natural Foods by 3.5% during the third quarter. Comerica Bank now owns 49,900 shares of the company’s stock valued at $370,000 after purchasing an additional 1,699 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of United Natural Foods by 1.1% during the third quarter. Janney Montgomery Scott LLC now owns 214,051 shares of the company’s stock valued at $2,466,000 after purchasing an additional 2,269 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of United Natural Foods by 96.4% during the second quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock valued at $49,000 after purchasing an additional 2,700 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of United Natural Foods by 4.5% during the third quarter. California State Teachers Retirement System now owns 82,131 shares of the company’s stock valued at $946,000 after purchasing an additional 3,544 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in shares of United Natural Foods by 64.8% during the second quarter. Point72 Hong Kong Ltd now owns 9,349 shares of the company’s stock valued at $84,000 after purchasing an additional 3,675 shares during the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile (NYSE:UNFI)

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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