Brokerages expect that United Natural Foods Inc (NYSE:UNFI) will announce $5.82 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for United Natural Foods’ earnings. The highest sales estimate is $5.82 billion and the lowest is $5.81 billion. United Natural Foods posted sales of $2.87 billion in the same quarter last year, which would indicate a positive year over year growth rate of 102.8%. The firm is scheduled to report its next earnings report on Wednesday, December 11th.

According to Zacks, analysts expect that United Natural Foods will report full year sales of $23.68 billion for the current financial year, with estimates ranging from $23.47 billion to $23.90 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $24.24 billion, with estimates ranging from $24.19 billion to $24.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Natural Foods.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.80 billion. United Natural Foods had a positive return on equity of 6.59% and a negative net margin of 1.33%. The company’s quarterly revenue was up 109.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.

A number of equities research analysts recently issued reports on UNFI shares. Wells Fargo & Co reissued a “hold” rating on shares of United Natural Foods in a research report on Friday, December 6th. ValuEngine raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. BidaskClub upgraded United Natural Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. Pivotal Research cut their target price on United Natural Foods from $6.00 to $3.00 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Finally, Loop Capital cut their target price on United Natural Foods to $14.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.14.

In other United Natural Foods news, Director James L. Muehlbauer bought 30,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was purchased at an average cost of $6.91 per share, for a total transaction of $207,300.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $207,300. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter Roy bought 10,000 shares of the business’s stock in a transaction on Monday, October 7th. The shares were acquired at an average price of $7.50 per share, with a total value of $75,000.00. Following the completion of the purchase, the director now directly owns 49,154 shares of the company’s stock, valued at $368,655. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in UNFI. Bank of America Corp DE lifted its stake in shares of United Natural Foods by 247.3% in the 2nd quarter. Bank of America Corp DE now owns 2,383,841 shares of the company’s stock valued at $21,383,000 after acquiring an additional 1,697,419 shares during the last quarter. Invesco Ltd. lifted its stake in shares of United Natural Foods by 162.6% in the 2nd quarter. Invesco Ltd. now owns 1,238,590 shares of the company’s stock valued at $11,110,000 after acquiring an additional 766,843 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of United Natural Foods by 4,283.3% in the 2nd quarter. Renaissance Technologies LLC now owns 574,212 shares of the company’s stock valued at $5,151,000 after acquiring an additional 561,112 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of United Natural Foods in the 2nd quarter valued at $4,756,000. Finally, Vanguard Group Inc. lifted its stake in shares of United Natural Foods by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,548,900 shares of the company’s stock valued at $49,774,000 after acquiring an additional 509,989 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Shares of NYSE:UNFI opened at $7.07 on Thursday. The company has a market capitalization of $526.26 million, a P/E ratio of 3.40, a P/E/G ratio of 0.81 and a beta of 2.14. United Natural Foods has a 1 year low of $6.56 and a 1 year high of $15.63. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 0.70. The business’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $9.10.

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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