United Natural Foods (NYSE:UNFI) Trading Down 6.2% – Should You Sell?

by · The Cerbat Gem

United Natural Foods, Inc. (NYSE:UNFI – Get Free Report)’s stock price was down 6.2% during mid-day trading on Wednesday . The stock traded as low as $31.66 and last traded at $32.3270. Approximately 376,787 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 932,950 shares. The stock had previously closed at $34.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on United Natural Foods from $29.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a report on Tuesday, October 14th. BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a research note on Thursday. Finally, UBS Group upped their price objective on United Natural Foods from $29.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.22.

Read Our Latest Research Report on UNFI

United Natural Foods Trading Up 0.7%

The stock has a market capitalization of $1.99 billion, a PE ratio of -19.72 and a beta of 0.82. The stock’s 50 day moving average price is $38.06 and its 200-day moving average price is $30.84. The company has a quick ratio of 0.50, a current ratio of 1.38 and a debt-to-equity ratio of 1.25.

United Natural Foods (NYSE:UNFI – Get Free Report) last released its earnings results on Tuesday, December 2nd. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.17. United Natural Foods had a negative net margin of 0.32% and a positive return on equity of 4.35%. The company had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the company earned $0.16 EPS. United Natural Foods’s revenue for the quarter was down .4% on a year-over-year basis. United Natural Foods has set its FY 2026 guidance at 1.500-2.300 EPS. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Danielle Benedict sold 11,655 shares of United Natural Foods stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $35.31, for a total transaction of $411,538.05. Following the sale, the insider owned 89,544 shares in the company, valued at $3,161,798.64. This trade represents a 11.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in shares of United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock worth $25,000 after purchasing an additional 505 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in United Natural Foods by 1,672.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock valued at $27,000 after buying an additional 920 shares during the last quarter. Quarry LP bought a new stake in United Natural Foods in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in United Natural Foods by 4,266.7% in the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock worth $30,000 after acquiring an additional 768 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of United Natural Foods by 84.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after acquiring an additional 609 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

About United Natural Foods

(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, wellness and personal care items, and bulk and foodservice products.

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