United Natural Foods, Inc. (NASDAQ:UNFI) – Stock analysts at Oppenheimer boosted their Q3 2018 earnings estimates for United Natural Foods in a research report issued to clients and investors on Thursday. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings of $0.93 per share for the quarter, up from their previous estimate of $0.85. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for United Natural Foods’ Q4 2018 earnings at $0.86 EPS.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis.
United Natural Foods (NASDAQ UNFI) opened at $45.66 on Monday. The stock has a market cap of $2,292.60, a price-to-earnings ratio of 14.87, a PEG ratio of 2.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.33. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $52.69.
In other news, insider Christopher P. Testa sold 4,744 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $49.47, for a total transaction of $234,685.68. Following the transaction, the insider now owns 14,782 shares of the company’s stock, valued at approximately $731,265.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Heffernan sold 7,580 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.01, for a total transaction of $394,235.80. The disclosure for this sale can be found here. Insiders have sold 78,651 shares of company stock worth $3,919,614 in the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of United Natural Foods by 8.3% in the 3rd quarter. First Trust Advisors LP now owns 99,968 shares of the company’s stock worth $4,158,000 after acquiring an additional 7,650 shares during the last quarter. Aperio Group LLC raised its holdings in shares of United Natural Foods by 119.1% in the 3rd quarter. Aperio Group LLC now owns 40,851 shares of the company’s stock worth $1,699,000 after acquiring an additional 22,209 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of United Natural Foods in the 3rd quarter worth about $419,000. Stevens Capital Management LP acquired a new stake in shares of United Natural Foods in the 3rd quarter worth about $570,000. Finally, American Century Companies Inc. raised its holdings in shares of United Natural Foods by 924.1% in the 3rd quarter. American Century Companies Inc. now owns 148,048 shares of the company’s stock worth $6,157,000 after acquiring an additional 133,592 shares during the last quarter.
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United Natural Foods Company Profile
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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