Analysis: United Natural Foods (NASDAQ:UNFI) Upside Target Change Today
In analysts report issued to clients by BB&T Capital Markets on Tuesday morning, the firm, United Natural Foods (NASDAQ:UNFI), had their price target downgraded to $58.00. Analusts presently have a solid Buy rating on the stock.
From a total of 18 analysts covering United Natural Foods (NASDAQ:UNFI) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $68 while the lowest target price is $34. The mean of all analyst targets is $48.33 with a 45.95% above today’s ($36.91) stock price. United Natural Foods was the topic of 37 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on December 8 to “Underweight” rating. Piper Jaffray maintained shares with “Overweight” rating and $56 target share price in a report from an August 29. RBC Capital Markets maintained UNFI stock in a recent report from December 4 with “Underperform” rating. Deutsche Bank maintained the rating on August 23. Deutsche Bank has a “Hold” rating and a $55 price target on shares. Finally, Piper Jaffray downgraded the stock to “Neutral” rating in a report issued on a November 5.
The stock decreased 16.17% or $7.12 during the last trading session, striking $36.91. Approximately shares of stock traded hands. United Natural Foods, Inc. (NASDAQ:UNFI) has declined 45.28% since May 6, 2015 and is downtrending. It has underperformed by 44.48% the S&P500.
The overall sentiment of institutions has decreased to 0.76 in Q2 2015. Its down 0.55, from 1.31 in 2015Q2. The ratio is negative, as 62 institutions have sold all the shares of United Natural Foods, Inc. that they owned while 107 funds have taken shares off the table. 46 funds have purchased shares for the first time while 82 added to their positions. These institutions now hold 47.64 million shares or 7.80% less than the 51.67 million shares they owned in 2015Q2.
The Fund Standard Pacific Capital Llc Ca currently is holding shares equating to 6.26% of its total portfolio in United Natural Foods, Inc. representing a total of 129,154 shares. Another fund,Sheffield Asset Management L.L.C., is holding a total of 819,528 shares equating to 5.81% of their holdings. Additionally, Sfe Investment Counsel has a 145,542 share stake in United Natural Foods, Inc. which represents 3.15% of their total portfolio. The Fund, Tamro Capital Partners Llc, based out of Virginia, has also built up a stake in the stock, which represents a total of 2.41% of their total portfolio. Finally Goodman Financial Corp, a fund which is based in the state of Texas reported a total holdings of 71,050 shares.
Insider activity is a very important aspect to track on any stock. Going back to August 25, 2015, shareholders of United Natural Foods, Inc. have witnessed 0 insider buys, and a total of 2 insider sales equating to a net activity of approximately $133,108 . Mcintyre Donald P. sold 1,200 shares worth approximately $63,523.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. The company has a market cap of $2.21 billion. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items. It has 13.67 P/E ratio. The Company’s activities consist of three operating divisions: wholesale division, which includes its natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Albert’s Organics, Inc. and Select Nutrition; retail division, consisting of EOM, which operates its 12 natural products retail stores within the United States; manufacturing division, consisting of Woodstock Farms Manufacturing.
According to Zacks Investment Research, “United Natural Foods is the leading independent national distributor of natural foods and related products in the United States. The company is the primary supplier to a majority of its customers, offering high-quality natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables and frozen foods.” Get a free copy of the Zacks research report on United Natural Foods, Inc. (UNFI).