Somewhat Positive News Coverage Somewhat Unlikely to Impact United Natural Foods (UNFI) Share Price
News articles about United Natural Foods (NASDAQ:UNFI) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Natural Foods earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5804127611226 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- UNFI Crosses Above Average Analyst Target (nasdaq.com)
- Zacks.com highlights: United Natural Foods, MetLife, SK Telecom, Avnet and Greenbrier (finance.yahoo.com)
- GENERATION NEXT FRANCHISE BRANDS : Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) (4-traders.com)
- Research Ratings: Archer-Daniels-Midland Company (ADM), United Natural Foods, Inc. (UNFI) – ExpressNewsline (expressnewsline.com)
- Short-seller Chanos sees supermarkets becoming a ‘group of pain’ – Reuters (reuters.com)
Several research firms recently issued reports on UNFI. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $41.00 price target on shares of United Natural Foods in a research note on Tuesday. TheStreet downgraded United Natural Foods from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Royal Bank Of Canada downgraded United Natural Foods from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $36.00 to $34.00 in a research note on Tuesday, October 17th. Susquehanna Bancshares Inc began coverage on United Natural Foods in a research note on Monday, October 16th. They issued a “neutral” rating and a $43.00 price target for the company. Finally, Jefferies Group LLC restated a “hold” rating on shares of United Natural Foods in a research note on Monday, October 16th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. United Natural Foods has a consensus rating of “Hold” and a consensus target price of $41.89.
United Natural Foods (UNFI) traded up $1.19 during trading on Thursday, hitting $40.86. The stock had a trading volume of 441,884 shares, compared to its average volume of 782,041. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $49.58. The firm has a market cap of $2,045.86, a PE ratio of 15.66, a P/E/G ratio of 2.95 and a beta of 1.38.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. United Natural Foods’s revenue was up 5.7% on a year-over-year basis. research analysts anticipate that United Natural Foods will post 2.71 earnings per share for the current year.
United Natural Foods declared that its board has approved a share repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other United Natural Foods news, insider John Michael Hummel sold 1,407 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Roy sold 2,660 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.43, for a total value of $107,543.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,498 shares of company stock valued at $2,659,539 in the last three months. 1.40% of the stock is owned by insiders.
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About United Natural Foods
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.
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