United Natural Foods Inc (NASDAQ:UNFI) was the target of some unusual options trading activity on Thursday. Stock investors acquired 2,145 put options on the stock. This is an increase of approximately 1,208% compared to the average volume of 164 put options.
A number of analysts recently commented on the stock. Citigroup decreased their price objective on shares of United Natural Foods from $53.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. ValuEngine raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Monday, June 18th. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Loop Capital set a $55.00 price target on shares of United Natural Foods and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Pivotal Research reaffirmed a “sell” rating and issued a $21.00 price target on shares of United Natural Foods in a report on Friday, September 21st. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average price target of $38.98.
In related news, Director James P. Heffernan sold 3,820 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the sale, the director now owns 6,960 shares of the company’s stock, valued at $205,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of United Natural Foods by 6.1% in the second quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock worth $251,204,000 after acquiring an additional 340,578 shares in the last quarter. Kiltearn Partners LLP increased its position in shares of United Natural Foods by 0.6% in the first quarter. Kiltearn Partners LLP now owns 4,182,704 shares of the company’s stock worth $178,560,000 after acquiring an additional 23,300 shares in the last quarter. Earnest Partners LLC increased its position in shares of United Natural Foods by 2.7% in the first quarter. Earnest Partners LLC now owns 1,768,903 shares of the company’s stock worth $75,957,000 after acquiring an additional 47,060 shares in the last quarter. Bank of America Corp DE increased its position in shares of United Natural Foods by 5.5% in the second quarter. Bank of America Corp DE now owns 904,965 shares of the company’s stock worth $38,605,000 after acquiring an additional 47,510 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of United Natural Foods by 5.7% in the second quarter. Northern Trust Corp now owns 893,046 shares of the company’s stock worth $38,098,000 after acquiring an additional 47,830 shares in the last quarter.
UNFI stock traded down $0.61 on Friday, hitting $27.15. 1,696,178 shares of the company were exchanged, compared to its average volume of 682,690. United Natural Foods has a twelve month low of $26.86 and a twelve month high of $52.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Thursday, September 20th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.09). United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts forecast that United Natural Foods will post 3.44 EPS for the current fiscal year.
About United Natural Foods
United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.
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