Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $13.40

United Natural Foods, Inc. (NYSE:UNFI) has been given an average rating of “Reduce” by the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.40.

A number of research analysts have issued reports on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $13.00 target price (down from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Wells Fargo & Company decreased their target price on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Finally, StockNews.com cut United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.

United Natural Foods Stock Up 1.8 %

UNFI opened at $9.85 on Friday. The business has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $13.87. United Natural Foods has a 12 month low of $8.58 and a 12 month high of $28.37. The stock has a market capitalization of $585.45 million, a P/E ratio of -5.05 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. On average, equities analysts anticipate that United Natural Foods will post -0.01 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in shares of United Natural Foods by 2,136.5% in the 4th quarter. Federated Hermes Inc. now owns 657,320 shares of the company’s stock worth $10,668,000 after purchasing an additional 627,930 shares during the period. Private Management Group Inc. boosted its position in shares of United Natural Foods by 47.4% in the first quarter. Private Management Group Inc. now owns 1,186,507 shares of the company’s stock worth $13,633,000 after buying an additional 381,396 shares during the period. Vanguard Group Inc. increased its holdings in United Natural Foods by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock worth $105,128,000 after purchasing an additional 277,636 shares during the last quarter. Invesco Ltd. boosted its stake in shares of United Natural Foods by 10.9% during the 3rd quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after buying an additional 199,757 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of United Natural Foods by 728.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 179,783 shares of the company’s stock worth $2,542,000 after buying an additional 158,082 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.