United Natural Foods, Inc. (UNFI) Expected to Post Quarterly Sales of $2.45 Billion

Wall Street brokerages forecast that United Natural Foods, Inc. (NASDAQ:UNFI) will post $2.45 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for United Natural Foods’ earnings, with estimates ranging from $2.42 billion to $2.47 billion. United Natural Foods reported sales of $2.29 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The company is expected to issue its next earnings report on Wednesday, March 14th.

On average, analysts expect that United Natural Foods will report full-year sales of $2.45 billion for the current financial year, with estimates ranging from $9.88 billion to $9.94 billion. For the next year, analysts expect that the firm will report sales of $10.48 billion per share, with estimates ranging from $10.27 billion to $10.80 billion. Zacks’ sales averages are an average based on a survey of research firms that follow United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Thursday, December 7th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter in the previous year, the firm posted $0.58 EPS.

Several analysts recently commented on the stock. TheStreet raised shares of United Natural Foods from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. BMO Capital Markets set a $54.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Saturday, December 9th. Susquehanna Bancshares set a $49.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Thursday, December 7th. Loop Capital set a $56.00 target price on shares of United Natural Foods and gave the stock a “buy” rating in a report on Friday, December 8th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of United Natural Foods in a report on Tuesday, December 5th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.33.

Shares of United Natural Foods (NASDAQ:UNFI) opened at $51.34 on Wednesday. The company has a market cap of $2,578.00, a PE ratio of 19.60, a P/E/G ratio of 3.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. United Natural Foods has a twelve month low of $29.53 and a twelve month high of $52.69.

United Natural Foods declared that its Board of Directors has approved a stock repurchase plan on Friday, October 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, Director Bates Ann Torre sold 7,190 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $40.16, for a total value of $288,750.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Heffernan sold 2,660 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $44.28, for a total transaction of $117,784.80. Following the completion of the transaction, the director now owns 29,724 shares of the company’s stock, valued at $1,316,178.72. The disclosure for this sale can be found here. Insiders sold a total of 98,568 shares of company stock valued at $4,529,169 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after purchasing an additional 1,162 shares in the last quarter. Riverhead Capital Management LLC increased its position in United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after purchasing an additional 2,095 shares in the last quarter. Flinton Capital Management LLC increased its position in United Natural Foods by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after purchasing an additional 2,240 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in United Natural Foods during the 3rd quarter worth approximately $208,000. Finally, Bell Bank acquired a new position in United Natural Foods during the 3rd quarter worth approximately $210,000.

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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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