United Natural Foods (UNFI) PT Set at $54.00 by BMO Capital Markets

United Natural Foods (NASDAQ:UNFI) has been assigned a $54.00 price objective by research analysts at BMO Capital Markets in a research report issued to clients and investors on Saturday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 8.54% from the company’s previous close.

Several other brokerages also recently issued reports on UNFI. Susquehanna Bancshares set a $49.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Thursday. Loop Capital set a $56.00 target price on shares of United Natural Foods and gave the stock a “buy” rating in a research note on Friday. Oppenheimer reiterated a “hold” rating on shares of United Natural Foods in a research note on Tuesday, December 5th. BidaskClub upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $34.00 price objective on shares of United Natural Foods in a research report on Monday, December 4th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.33.

Shares of United Natural Foods (UNFI) traded up $0.22 during midday trading on Friday, hitting $49.75. 2,330,000 shares of the stock traded hands, compared to its average volume of 836,297. The company has a market capitalization of $2,507.45, a P/E ratio of 19.06, a PEG ratio of 3.65 and a beta of 1.46. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $52.69. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.13%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. equities research analysts forecast that United Natural Foods will post 2.74 earnings per share for the current year.

United Natural Foods declared that its Board of Directors has authorized a share buyback plan on Friday, October 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other United Natural Foods news, CFO Michael Paul Zechmeister sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.06, for a total transaction of $506,690.00. Following the completion of the sale, the chief financial officer now directly owns 1,997 shares of the company’s stock, valued at $87,987.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph J. Traficanti sold 5,800 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $250,850.00. Following the sale, the senior vice president now directly owns 10,113 shares of the company’s stock, valued at $437,387.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,498 shares of company stock worth $2,659,539. 1.40% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in UNFI. Sei Investments Co. increased its holdings in United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after buying an additional 1,162 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after buying an additional 2,095 shares during the last quarter. Flinton Capital Management LLC increased its holdings in United Natural Foods by 76.9% during the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after buying an additional 2,240 shares during the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in United Natural Foods during the third quarter valued at approximately $208,000. Finally, Bell Bank purchased a new stake in United Natural Foods during the third quarter valued at approximately $210,000.

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About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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