United Natural Foods Inc. (NYSE:UNFI) saw a downside of -2.08% to close Friday at $18.85 after subtracting -$0.4 on the day. The 5-day average trading volume is 547,300 shares of the company’s common stock. It has gained $19.93 in the past week and touched a new high 5 times within the past 5 days. An average of 545,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 482,208.
UNFI’s 1-month performance is -7.01% or -$1.39 on its low of $17.71 reached on 09/06/23. The company’s shares have touched a 52-week low of $17.71 and high of $47.88, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, UNFI has lost -51.30% or -$19.86 and has reached a new high 10 times. However, the current price is down -60.63% from the 52-week high price.
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Insider Transactions
UNFI stock investors last saw insider trading activity on Mar 24.Howard John W (CFO) most recently sold 7,000 shares at $42.62 per share on Feb 06. This transaction cost the insider $298,340. President, TESTA CHRISTOPHER P., sold 27,931 shares at a price of $40.54 on Jan 23. Then, on Jan 23, Chief Human Resources Officer Benedict Danielle sold 7,500 shares at a price of $40.06 per share. This transaction amounted to $300,450.
Valuation Metrics
UNFI stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.04 while the price-to-book (PB) in the most recent quarter is 0.62, with the price to cash flow ratio at 2.44.
United Natural Foods Inc.’s quick ratio for the period ended April 29 was 0.50, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending April 29 was 1.72, while the total debt to equity was 1.82. In terms of profitability, the gross margin trailing 12 months is 12.99%. The trailing 12-month EBITDA margin is 2.20% while for the period ending April 29, United Natural Foods Inc.’s operating margin was 0.88%. The firm’s gross profit as reported stood at $4.18 billion against revenue of $28.93 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -857.14% to $7.0 million, while revenue of $19.0 million was -171.43% off the previous quarter. Analysts expected UNFI to announce $0.68 per share in earnings in its latest quarter, but it posted $0.54, representing a -20.60% surprise. EBITDA for the quarter stood at more than $110.0 million. UNFI stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 5.8 billion, with total debt at $3.34 billion. Shareholders hold equity totaling $58.6 million.
Let’s look briefly at United Natural Foods Inc. (UNFI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 48.00% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.43%.
The stock’s 5-day moving average is $18.86, reflecting a +0.27% or $0.05 change from its current price. UNFI is currently trading -5.99% above its 20-day SMA, -30.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.20% and SMA200 by-59.71%.
Stochastic %K and %D was 51.76% and 45.14% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 45.22%, while the 14-day stochastic is at 51.35% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at 0.39 and 0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for United Natural Foods Inc. (NYSE: UNFI), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for UNFI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate UNFI as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is UNFI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $27.00, with their median price target at $22.50. Looking at these predictions, the average price target given by analysts is for United Natural Foods Inc. (UNFI) stock is $22.75.
