United Natural Foods (NYSE:UNFI) Price Target Raised to $26.00

United Natural Foods (NYSE:UNFI) had its price target boosted by Roth Mkm from $20.00 to $26.00 in a research report released on Thursday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. UBS Group lifted their price target on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. BMO Capital Markets lifted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group increased their target price on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.60.

United Natural Foods Stock Up 0.1 %

UNFI stock opened at $28.49 on Thursday. United Natural Foods has a 12 month low of $8.58 and a 12 month high of $32.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $17.15.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, research analysts anticipate that United Natural Foods will post 0.72 EPS for the current year.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the transaction, the insider now directly owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United Natural Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in shares of United Natural Foods by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after purchasing an additional 716 shares during the last quarter. Creative Planning boosted its holdings in United Natural Foods by 7.6% in the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares in the last quarter. Keynote Financial Services LLC increased its position in United Natural Foods by 6.6% during the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock worth $229,000 after buying an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in United Natural Foods by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after buying an additional 1,303 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of United Natural Foods by 85.7% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 87.63% of the company’s stock.

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.