United Natural Foods, Inc. (UNFI) Rating Reiterated by Goldman Sachs Group, Inc. (The)

United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “neutral” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday. They presently have a $41.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 3.35% from the company’s previous close.

UNFI has been the subject of a number of other research reports. Royal Bank Of Canada set a $34.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, August 29th. Pivotal Research reissued a “sell” rating and set a $32.00 price target on shares of United Natural Foods in a research report on Tuesday, September 12th. BMO Capital Markets set a $38.00 price target on United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Argus raised United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, September 25th. Finally, Zacks Investment Research raised United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average target price of $41.89.

Shares of United Natural Foods (NASDAQ UNFI) opened at $39.67 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. United Natural Foods has a fifty-two week low of $29.53 and a fifty-two week high of $49.61. The stock has a market capitalization of $2,010.00, a PE ratio of 15.45, a PEG ratio of 2.91 and a beta of 1.38.

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

United Natural Foods declared that its board has initiated a stock buyback program on Friday, October 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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In other news, insider John Michael Hummel sold 1,407 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bates Ann Torre sold 7,190 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The disclosure for this sale can be found here. In the last three months, insiders sold 61,498 shares of company stock valued at $2,659,539. Company insiders own 1.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in UNFI. Vanguard Group Inc. boosted its stake in United Natural Foods by 5.2% during the first quarter. Vanguard Group Inc. now owns 4,265,216 shares of the company’s stock valued at $184,386,000 after buying an additional 211,300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of United Natural Foods by 8.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 267,272 shares of the company’s stock valued at $11,555,000 after purchasing an additional 20,818 shares during the last quarter. State Street Corp lifted its holdings in shares of United Natural Foods by 2.2% during the first quarter. State Street Corp now owns 1,599,717 shares of the company’s stock valued at $69,152,000 after purchasing an additional 34,339 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of United Natural Foods by 12.6% during the first quarter. Goldman Sachs Group Inc. now owns 219,268 shares of the company’s stock valued at $9,479,000 after purchasing an additional 24,564 shares during the last quarter. Finally, Capstone Asset Management Co. lifted its holdings in shares of United Natural Foods by 6.4% during the second quarter. Capstone Asset Management Co. now owns 9,419 shares of the company’s stock valued at $346,000 after purchasing an additional 570 shares during the last quarter.

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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