United Natural Foods (NYSE:UNFI) Given New $26.00 Price Target at Roth Mkm

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

Several other research firms have also recently issued reports on UNFI. The Goldman Sachs Group upped their price target on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. BMO Capital Markets upped their price target on United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday. UBS Group upped their price target on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and a consensus target price of $22.60.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $28.47 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $32.20. The stock has a 50 day simple moving average of $22.26 and a 200-day simple moving average of $17.00.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The firm 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 firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities analysts expect that United Natural Foods will post 0.66 earnings per share 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 business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $19.78, for a total transaction of $299,706.56. Following the sale, the insider now directly owns 100,423 shares of the company’s stock, valued at $1,986,366.94. The trade was a 13.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United Natural Foods

A number of hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of United Natural Foods by 1.5% in the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after acquiring an additional 34,522 shares during the last quarter. Private Management Group Inc. increased its stake in shares of United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock worth $23,235,000 after acquiring an additional 587,163 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of United Natural Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after acquiring an additional 14,928 shares during the last quarter. American Century Companies Inc. increased its stake in shares of United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after acquiring an additional 237,496 shares during the last quarter. Finally, Hauser Brothers GmbH increased its stake in shares of United Natural Foods by 0.6% in the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock worth $15,340,000 after acquiring an additional 5,000 shares during the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Company Profile

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.