United Natural Foods Inc (NASDAQ:UNFI) – Analysts at Oppenheimer issued their Q4 2019 earnings per share estimates for shares of United Natural Foods in a research note issued to investors on Wednesday, June 5th, according to Zacks Investment Research. Oppenheimer analyst R. Parikh anticipates that the company will post earnings of $0.80 per share for the quarter. Oppenheimer also issued estimates for United Natural Foods’ FY2020 earnings at $0.85 EPS.
United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, June 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the company posted $1.04 earnings per share. United Natural Foods’s revenue was up 125.1% on a year-over-year basis.
A number of other analysts have also recently weighed in on the company. BMO Capital Markets set a $10.00 price target on United Natural Foods and gave the company a “hold” rating in a research report on Friday, June 7th. Barclays cut United Natural Foods from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 12th. Pivotal Research cut United Natural Foods from a “hold” rating to a “sell” rating and decreased their target price for the stock from $14.00 to $8.00 in a report on Thursday, March 7th. Loop Capital decreased their target price on United Natural Foods to $30.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Finally, BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.98.
NASDAQ:UNFI traded down $0.06 during trading hours on Monday, reaching $9.12. The company had a trading volume of 1,226,644 shares, compared to its average volume of 1,385,540. The business has a 50-day simple moving average of $10.41. United Natural Foods has a one year low of $8.07 and a one year high of $44.94. The firm has a market cap of $483.82 million, a price-to-earnings ratio of 2.93, a PEG ratio of 0.82 and a beta of 2.15. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77.
Institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc boosted its holdings in United Natural Foods by 100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock valued at $35,000 after acquiring an additional 1,700 shares during the last quarter. Investors Research Corp bought a new position in United Natural Foods in the first quarter valued at about $35,000. Oregon Public Employees Retirement Fund lifted its stake in United Natural Foods by 1,992.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 414,313 shares of the company’s stock valued at $39,000 after buying an additional 394,515 shares during the period. Zions Bancorporation N.A. acquired a new position in United Natural Foods in the first quarter valued at about $51,000. Finally, Bank of Montreal Can lifted its stake in United Natural Foods by 20.4% in the fourth quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock valued at $70,000 after buying an additional 1,120 shares during the period. Institutional investors and hedge funds own 98.17% 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.