Analysts at Susquehanna Bancshares Inc assumed coverage on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report issued on Monday. The firm set a “neutral” rating and a $43.00 price target on the stock. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 6.15% from the company’s previous close.

Other analysts have also issued research reports about the stock. TheStreet raised shares of United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Loop Capital reissued a “buy” rating and issued a $44.00 price target (down previously from $48.00) on shares of United Natural Foods in a research report on Monday, June 26th. Buckingham Research lowered their price target on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 14th. Argus raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, September 25th. Finally, Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and a consensus target price of $42.33.

United Natural Foods (UNFI) opened at 40.51 on Monday. The stock’s 50 day moving average is $39.09 and its 200 day moving average is $38.88. United Natural Foods has a one year low of $29.53 and a one year high of $49.74. The company has a market capitalization of $2.05 billion, a PE ratio of 15.82 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that United Natural Foods will post $2.71 earnings per share for the current fiscal year.

United Natural Foods declared that its board has approved a share buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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In other United Natural Foods news, COO Sean Griffin sold 6,521 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.60, for a total value of $290,836.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Michael Hummel sold 1,407 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $40.72, for a total transaction of $57,293.04. The disclosure for this sale can be found here. In the last three months, insiders sold 61,498 shares of company stock valued at $2,659,539. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Robecosam AG grew its stake in United Natural Foods by 83.4% in the 2nd quarter. Robecosam AG now owns 63,044 shares of the company’s stock worth $2,274,000 after buying an additional 28,668 shares in the last quarter. CS Mckee LP grew its stake in United Natural Foods by 0.4% in the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after buying an additional 100 shares in the last quarter. Rowland & Co. Investment Counsel ADV grew its stake in United Natural Foods by 89.1% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 9,700 shares of the company’s stock worth $357,000 after buying an additional 4,570 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in United Natural Foods by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 159,431 shares of the company’s stock worth $5,852,000 after buying an additional 5,475 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in United Natural Foods by 2.1% in the 2nd quarter. Earnest Partners LLC now owns 1,286,088 shares of the company’s stock worth $47,199,000 after buying an additional 26,895 shares in the last quarter.

United Natural Foods Company Profile

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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