Wells Fargo & Co Trims United Natural Foods (UNFI) Target Price to $18.00

United Natural Foods (NASDAQ:UNFI) had its target price decreased by Wells Fargo & Co from $25.00 to $18.00 in a research note issued to investors on Friday. Wells Fargo & Co currently has a market perform rating on the stock.

Several other equities analysts also recently weighed in on UNFI. Loop Capital set a $55.00 target price on shares of United Natural Foods and gave the company a buy rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded shares of United Natural Foods from a buy rating to a hold rating in a report on Tuesday, September 18th. Buckingham Research set a $41.00 target price on shares of United Natural Foods and gave the company a buy rating in a report on Thursday, September 20th. Royal Bank of Canada restated a sector perform rating and set a $32.00 target price (down from $36.00) on shares of United Natural Foods in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, Pivotal Research restated a sell rating and set a $21.00 target price on shares of United Natural Foods in a report on Friday, September 21st. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. United Natural Foods presently has a consensus rating of Hold and a consensus price target of $32.11.

NASDAQ:UNFI traded down $4.85 during mid-day trading on Friday, hitting $14.88. 10,521,975 shares of the company’s stock traded hands, compared to its average volume of 1,605,220. The company has a current ratio of 2.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. United Natural Foods has a 1 year low of $14.45 and a 1 year high of $52.55. The company has a market capitalization of $1.01 billion, a P/E ratio of 4.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, December 6th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.14). United Natural Foods had a net margin of 1.09% and a return on equity of 8.61%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts predict that United Natural Foods will post 3.44 earnings per share for the current year.

In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the sale, the director now directly owns 6,960 shares of the company’s stock, valued at approximately $205,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in UNFI. Principal Financial Group Inc. boosted its stake in shares of United Natural Foods by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 222,915 shares of the company’s stock worth $9,572,000 after purchasing an additional 4,009 shares during the last quarter. Aperio Group LLC boosted its position in shares of United Natural Foods by 17.0% in the second quarter. Aperio Group LLC now owns 103,500 shares of the company’s stock worth $4,415,000 after acquiring an additional 15,027 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of United Natural Foods by 10.5% in the second quarter. Commonwealth Equity Services LLC now owns 27,601 shares of the company’s stock worth $1,177,000 after acquiring an additional 2,612 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of United Natural Foods by 20.8% in the second quarter. Wells Fargo & Company MN now owns 441,725 shares of the company’s stock worth $18,843,000 after acquiring an additional 76,199 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of United Natural Foods by 8.4% in the second quarter. First Trust Advisors LP now owns 94,882 shares of the company’s stock worth $4,048,000 after acquiring an additional 7,352 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

United Natural Foods Company Profile

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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