United Natural Foods Inc (NYSE:UNFI) – Equities research analysts at Oppenheimer upped their Q3 2021 earnings per share (EPS) estimates for United Natural Foods in a note issued to investors on Tuesday, September 29th. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings per share of $1.14 for the quarter, up from their previous forecast of $0.84. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for United Natural Foods’ Q4 2021 earnings at $0.90 EPS, FY2021 earnings at $3.40 EPS and FY2022 earnings at $3.50 EPS.
UNFI has been the subject of a number of other reports. Deutsche Bank upped their price target on shares of United Natural Foods from $7.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Barclays upped their price target on shares of United Natural Foods from $12.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 11th. ValuEngine lowered shares of United Natural Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. BTIG Research assumed coverage on shares of United Natural Foods in a report on Thursday, July 16th. They issued a “neutral” rating on the stock. Finally, Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. United Natural Foods currently has an average rating of “Hold” and an average price target of $20.11.
Shares of NYSE:UNFI opened at $15.92 on Friday. The company has a 50 day moving average of $18.20 and a 200-day moving average of $16.29. The firm has a market cap of $873.05 million, a P/E ratio of -2.74 and a beta of 1.43. United Natural Foods has a twelve month low of $5.00 and a twelve month high of $23.38. The company has a current ratio of 1.50, a quick ratio of 0.69 and a debt-to-equity ratio of 2.30.
United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Monday, September 28th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.34. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. United Natural Foods had a negative net margin of 1.22% and a positive return on equity of 9.88%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS.
Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of United Natural Foods during the second quarter valued at approximately $25,000. US Bancorp DE grew its position in United Natural Foods by 35.3% during the second quarter. US Bancorp DE now owns 1,885 shares of the company’s stock valued at $34,000 after purchasing an additional 492 shares in the last quarter. Demars Financial Group LLC purchased a new position in United Natural Foods during the second quarter valued at approximately $44,000. Ameritas Investment Company LLC purchased a new position in United Natural Foods during the first quarter valued at approximately $37,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in United Natural Foods during the second quarter valued at approximately $81,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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