United Natural Foods, Inc. (NASDAQ:UNFI) – Analysts at Northcoast Research cut their Q4 2018 earnings per share estimates for shares of United Natural Foods in a research note issued on Wednesday. Northcoast Research analyst C. Cerankosky now anticipates that the company will post earnings of $0.85 per share for the quarter, down from their prior estimate of $0.89. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for United Natural Foods’ FY2019 earnings at $3.63 EPS.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.17. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year.
A number of other equities research analysts also recently issued reports on UNFI. BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Royal Bank of Canada reiterated an “underperform” rating and issued a $34.00 price objective on shares of United Natural Foods in a research report on Monday, December 4th. Oppenheimer reiterated a “hold” rating on shares of United Natural Foods in a research report on Tuesday, December 5th. Loop Capital set a $56.00 price objective on United Natural Foods and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, Susquehanna Bancshares set a $49.00 price target on United Natural Foods and gave the company a “hold” rating in a research report on Thursday, December 7th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.69.
Shares of United Natural Foods (NASDAQ:UNFI) opened at $44.43 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.33 and a quick ratio of 0.90. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $52.69. The stock has a market capitalization of $2,216.99, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.73 and a beta of 1.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of United Natural Foods by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,339,223 shares of the company’s stock worth $263,064,000 after buying an additional 85,432 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United Natural Foods by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock worth $177,554,000 after purchasing an additional 258,676 shares during the last quarter. Kiltearn Partners LLP grew its stake in shares of United Natural Foods by 10.4% in the fourth quarter. Kiltearn Partners LLP now owns 4,159,404 shares of the company’s stock worth $204,934,000 after purchasing an additional 390,565 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of United Natural Foods by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock worth $104,734,000 after purchasing an additional 84,579 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in shares of United Natural Foods by 32.9% in the fourth quarter. Earnest Partners LLC now owns 1,721,843 shares of the company’s stock worth $84,835,000 after purchasing an additional 426,223 shares during the last quarter.
In other news, insider Christopher P. Testa sold 4,744 shares of United Natural Foods stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.47, for a total value of $234,685.68. Following the transaction, the insider now owns 14,782 shares in the company, valued at $731,265.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James P. Heffernan sold 7,580 shares of United Natural Foods stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.01, for a total value of $394,235.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,691 shares of company stock worth $3,840,842. Company insiders own 1.40% of the company’s stock.
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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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