Shares of United Natural Foods, Inc. (NYSE:UNFI – Get Rating) hit a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $19.62 and last traded at $20.62, with a volume of 1297677 shares changing hands. The stock had previously closed at $27.57.
The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). United Natural Foods had a net margin of 0.64% and a return on equity of 14.45%. The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the business posted $1.10 earnings per share. United Natural Foods’s revenue for the quarter was up 3.7% on a year-over-year basis.
Analyst Ratings Changes
Several research firms recently commented on UNFI. StockNews.com began coverage on United Natural Foods in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. UBS Group downgraded shares of United Natural Foods from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $32.00 in a research report on Monday, March 13th. Roth Mkm cut shares of United Natural Foods from a “buy” rating to a “neutral” rating and cut their price target for the company from $63.00 to $34.00 in a report on Wednesday, March 8th. Northcoast Research lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. Finally, Wells Fargo & Company cut their target price on shares of United Natural Foods from $40.00 to $28.00 in a research note on Thursday, March 9th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.71.
Insider Activity at United Natural Foods
Institutional Investors Weigh In On United Natural Foods
Several large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in shares of United Natural Foods by 163.9% during the third quarter. Quadrant Capital Group LLC now owns 797 shares of the company’s stock worth $27,000 after acquiring an additional 495 shares during the last quarter. Quarry LP grew its position in United Natural Foods by 976.1% in the 1st quarter. Quarry LP now owns 990 shares of the company’s stock worth $26,000 after purchasing an additional 898 shares during the last quarter. Ronald Blue Trust Inc. grew its position in United Natural Foods by 95.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,504 shares of the company’s stock worth $52,000 after purchasing an additional 733 shares during the last quarter. Spire Wealth Management raised its holdings in shares of United Natural Foods by 59.5% during the first quarter. Spire Wealth Management now owns 2,006 shares of the company’s stock valued at $53,000 after buying an additional 748 shares during the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $89,000. 85.63% of the stock is owned by institutional investors and hedge funds.
United Natural Foods Price Performance
The firm has a market capitalization of $1.39 billion, a P/E ratio of 7.54 and a beta of 1.05. The business has a fifty day moving average of $26.71 and a 200-day moving average of $31.45. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.51 and a current ratio of 1.56.
About United Natural Foods
United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.
Featured Stories
- Get a free copy of the StockNews.com research report on United Natural Foods (UNFI)
- What is a Growth Stock Mutual Fund?
- 10 Best Airline Stocks to Buy
- Ollie’s Bargain Outlet Goes On Sale
- Campbell Soup Company Leads Staples Stocks Into The Buy Zone
- Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.
