United Natural Foods, Inc. (NYSE:UNFI) has a beta value of 1.49 and has seen 1,676,207 shares traded in the last trading session. The company, currently valued at $994.16 Million, closed the last trade at $17.71 per share which meant it gained $1.47 on the day or 9.05% during that session. The UNFI stock price is -32.02% off its 52-week high price of $23.38 and 71.77% above the 52-week low of $5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.6 Million shares traded. The 3-month trading volume is 1.43 Million shares.
The consensus among analysts is that United Natural Foods, Inc. (UNFI) is a Hold stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 12 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.81.
United Natural Foods, Inc. (NYSE:UNFI) trade information
Sporting 9.05% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jan 06 when the UNFI stock price touched $18.39- or saw a rise of 3.7%. Year-to-date, United Natural Foods, Inc. shares have moved 10.9%, while the 5-day performance has seen it change 3.21%. Over the past 30 days, the shares of United Natural Foods, Inc. (NYSE:UNFI) have changed 13.67%. Short interest in the company has seen 13.35 Million shares shorted with days to cover at 9.34.
Wall Street analysts have a consensus price target for the stock at $20.13, which means that the shares’ value could jump 13.66% from current levels. The projected low price target is $17 while the price target rests at a high of $26. In that case, then, we find that the current price level is +46.81% off the targeted high while a plunge would see the stock lose -4.01% from current levels.
United Natural Foods, Inc. (UNFI) estimates and forecasts
Figures show that United Natural Foods, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -6.4% over the past 6 months, with this year growth rate of 18.75%, compared to 13.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 153.1% and -34.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +2.5%.
8 analysts offering their estimates for the company have set an average revenue estimate of $6.9 Billion for the current quarter. 8 have an estimated revenue figure of $6.79 Billion for the next quarter concluding in April 01, 2021. Year-ago sales stood $6.14 Billion and $6.67 Billion respectively for this quarter and the next, and analysts expect sales will grow by 12.5% for the current quarter and 1.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32% over the past 5 years. Earnings growth for 2021 is a modest +0.4% while over the next 5 years, the company’s earnings are expected to increase by -3.76%.
United Natural Foods, Inc. (NYSE:UNFI)’s Major holders
Insiders own 1.87% of the company shares, while shares held by institutions stand at 85.86% with a share float percentage of 87.5%. Investors are also buoyed by the number of investors in a company, with United Natural Foods, Inc. having a total of 316 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 8.25 Million shares worth more than $122.64 Million. As of September 29, 2020, Blackrock Inc. held 14.69% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 5.91 Million shares as of September 29, 2020. The firm’s total holdings are worth over $87.9 Million and represent 10.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of December 30, 2020, the former fund manager holds about 6.41% shares in the company for having 3598471 shares of worth $57.47 Million while later fund manager owns 1.51 Million shares of worth $22.5 Million as of September 29, 2020, which makes it owner of about 2.7% of company’s outstanding stock.
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