The Vanguard Group, Inc. has recently announced that it has increased stake in United Natural Foods Inc. (NYSE:UNFI) by 3.70%. After grabbing 7.27 million shares, the institutional investor is now in possession of 0.26 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 12.43% having worth around $106.05 million. Moreover, Pacer Advisors, Inc. increased its share by 1.1 million to have a control over 3.21 million shares. And Invesco Capital Management LLC raised its holdings to 0.2 million shares by acquiring 2.04 million shares or 3.48% of the stake.
United Natural Foods Inc. (UNFI) concluded trading on 11/22/23 at a closing price of $15.27, with 0.46 million shares of worth about $7.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.57% during that period and on Wednesday the price saw a gain of about 0.73%. Currently the company’s common shares owned by public are about 58.50M shares, out of which, 58.34M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the UNFI stock and their offered price forecasts bring an average price target of $15.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $20.00 and could fall to a lowest price of $13.00. The stock’s current price level is -1.8% below of average price target set by the analysts, while a dip to estimated low would result in loss of -17.46% for the stock. However, touching the estimated high of $20.00 would mean a gain of 23.65% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 15 times over the past 12 months. They bought 131,337 shares in 6 of the transactions. In 9 selling transactions, insiders dumped 57,600 shares.
Pacer Fds. Tr. – US Small Cap Cas, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in United Natural Foods Inc. Pacer Fds. Tr. – US Small Cap Cas is currently holding 3.95 million shares of worth totaling $57.55 million. The company recently came buying 37780.0 shares which brought its stake up to 6.75% of the company’s outstanding shares. iShares Core S&P Small Cap ETF sold 14517.0 shares, after which its hold over company’s outstanding shares shrunk to 6.74%, leaving 3.94 million shares with the mutual fund that have a worth of about $57.48 million. Vanguard Total Stock Market ETF, after buying 1.86 million shares, have now control over 3.18% of the stake in the company. It holds 0.0 shares of worth $27.14 million.
United Natural Foods Inc. (NYSE: UNFI) started trading at $15.25, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 15.42, or with a gain of 0.73%. Stock saw a price change of -1.23% in past 5 days and over the past one month there was a price change of 2.55%. Year-to-date (YTD), UNFI shares are showing a performance of -60.55% which decreased to -67.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.88 but also hit the highest price of $47.88 during that period. The average intraday trading volume for United Natural Foods Inc. shares is 768.37K. The stock is currently trading 1.70% above its 20-day simple moving average (SMA20), while that difference is down -1.37% for SMA50 and it goes to -34.00% lower than SMA200.
The Vanguard Group, Inc. acquired 7.27 million shares of United Natural Foods Inc. having value of about $106.05 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.26 million shares in the company valued at close to $3960747.87, or have control over 3.70% stake in the company. United Natural Foods Inc. (NYSE: UNFI) currently have 58.50M outstanding shares and institutions hold larger chunk of about 89.61% of that. Holding of mutual funds in the company is about 5.77% while other institutional holders and individual stake holders have control over 60.81% and 30.41% of the stake respectively.
The stock has a current market capitalization of $907.19M and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 45.12, while it has posted earnings per share of $0.34 in the same period. It has Quick Ratio of 0.49 while making debt-to-equity ratio of 1.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UNFI, volatility over the week remained 3.20% while standing at 3.52% over the month.
Analysts are in expectations that United Natural Foods Inc. (UNFI) stock would likely to be making an EPS of -$0.21 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.51 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.44 which is $0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -105.14% while it is estimated to increase by 435.46% in next year. EPS is likely to grow at an annualized rate of -6.60% for next 5-years, compared to annual growth of -34.42% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the United Natural Foods Inc. (UNFI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.86. Out of those 14 Wall Street analysts, 1 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on March 13, 2023 offering a Neutral rating for the stock and assigned a target price range of between $48 and $32 to it.
