United Natural Foods (UNFI) Scheduled to Post Quarterly Earnings on Tuesday

Posted by on Sep 24th, 2023

United Natural Foods (NYSE:UNFI – Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, September 26th. Analysts expect the company to announce earnings of ($0.47) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

United Natural Foods Trading Down 2.1 %

Shares of United Natural Foods stock opened at $18.85 on Friday. United Natural Foods has a 52-week low of $17.71 and a 52-week high of $47.88. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.11. The company’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $23.09. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 8.85 and a beta of 0.99.

Hedge Funds Weigh In On United Natural Foods

Several hedge funds have recently bought and sold shares of UNFI. JPMorgan Chase & Co. raised its holdings in shares of United Natural Foods by 211.9% in the second quarter. JPMorgan Chase & Co. now owns 916,382 shares of the company’s stock worth $17,915,000 after acquiring an additional 622,560 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Natural Foods by 8.6% in the first quarter. Vanguard Group Inc. now owns 7,135,789 shares of the company’s stock worth $295,064,000 after acquiring an additional 567,961 shares during the last quarter. Millennium Management LLC acquired a new position in shares of United Natural Foods in the second quarter worth $21,416,000. Norges Bank acquired a new position in shares of United Natural Foods in the fourth quarter worth $19,828,000. Finally, Victory Capital Management Inc. raised its holdings in shares of United Natural Foods by 1,545.7% in the fourth quarter. Victory Capital Management Inc. now owns 427,449 shares of the company’s stock worth $16,547,000 after acquiring an additional 401,476 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UNFI shares. StockNews.com assumed coverage on shares of United Natural Foods in a research report on Wednesday, August 23rd. They set a “hold” rating on the stock. BMO Capital Markets lowered their price target on United Natural Foods from $28.00 to $20.00 in a report on Friday, June 9th. UBS Group reduced their price objective on United Natural Foods from $32.00 to $27.00 in a report on Thursday, June 8th. Finally, Wells Fargo & Company decreased their target price on United Natural Foods from $28.00 to $20.00 in a research report on Thursday, June 8th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.71.

Get Our Latest Stock Report on UNFI

United Natural Foods Company Profile

(Get Free Report)

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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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Earnings History for United Natural Foods (NYSE:UNFI)

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