United Natural Foods (UNFI) Shares Gap Down on Analyst Downgrade

Shares of United Natural Foods Inc (NASDAQ:UNFI) gapped down prior to trading on Wednesday after Loop Capital lowered their price target on the stock to $30.00. The stock had previously closed at $15.83, but opened at $15.01. Loop Capital currently has a buy rating on the stock. United Natural Foods shares last traded at $13.73, with a volume of 5040847 shares changing hands.

A number of other analysts have also weighed in on UNFI. BidaskClub raised shares of United Natural Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Cleveland Research reissued a “hold” rating on shares of United Natural Foods in a report on Wednesday, November 28th. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, November 29th. Buckingham Research lowered their target price on shares of United Natural Foods from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 30th. Finally, Pivotal Research reaffirmed a “sell” rating and set a $18.00 target price on shares of United Natural Foods in a report on Tuesday, December 4th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.18.

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In other news, SVP Sean Griffin purchased 18,000 shares of United Natural Foods stock in a transaction dated Wednesday, December 12th. The shares were bought at an average cost of $12.84 per share, with a total value of $231,120.00. Following the completion of the transaction, the senior vice president now directly owns 44,108 shares in the company, valued at approximately $566,346.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC boosted its position in shares of United Natural Foods by 2,211.4% during the fourth quarter. Cerebellum GP LLC now owns 3,236 shares of the company’s stock worth $34,000 after purchasing an additional 3,096 shares in the last quarter. NumerixS Investment Technologies Inc boosted its position in shares of United Natural Foods by 100.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock worth $35,000 after purchasing an additional 1,700 shares in the last quarter. We Are One Seven LLC bought a new position in shares of United Natural Foods during the fourth quarter worth $41,000. Zions Bancorporation bought a new position in shares of United Natural Foods during the third quarter worth $117,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of United Natural Foods by 211.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,219 shares of the company’s stock worth $156,000 after purchasing an additional 3,543 shares in the last quarter. 98.17% of the stock is currently owned by institutional investors.

The stock has a market cap of $769.32 million, a P/E ratio of 4.41, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.23 by $0.21. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts predict that United Natural Foods Inc will post 1.73 EPS for the current year.

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United Natural Foods Company Profile (NASDAQ: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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