United Natural Foods Inc. (NYSE:UNFI) marked $38.71 per share on Friday, down from a previous closing price of $39.20. While United Natural Foods Inc. has underperformed by -1.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UNFI fell by -22.93%, with highs and lows ranging from $52.32 to $32.90, whereas the simple moving average fell by -7.86% in the last 200 days.
On March 21, 2022, CL King started tracking United Natural Foods Inc. (NYSE: UNFI) recommending Buy. A report published by Wells Fargo on March 17, 2022, Upgraded its rating to ‘Equal Weight’ for UNFI. UBS also rated UNFI shares as ‘Buy’, setting a target price of $64 on the company’s shares in an initiating report dated December 14, 2021. Northcoast January 28, 2021d its ‘Buy’ rating to ‘Neutral’ for UNFI, as published in its report on January 28, 2021. Wells Fargo’s report from January 27, 2021 suggests a price prediction of $17 for UNFI shares, giving the stock a ‘Underweight’ rating. Barclays also rated the stock as ‘Underweight’.
Analysis of United Natural Foods Inc. (UNFI)
Further, the quarter-over-quarter increase in sales is 7.60%, showing a positive trend in the upcoming months.
In order to gain a clear picture of United Natural Foods Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 13.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 515.82K can be a very valuable indicator of volatility for UNFI stock. On a monthly basis, the volatility of the stock is set at 3.97%, whereas on a weekly basis, it is put at 2.48%, with a loss of -0.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $47.27, showing growth from the present price of $38.71, which can serve as yet another indication of whether UNFI is worth investing in or should be passed over.
How Do You Analyze United Natural Foods Inc. Shares?
The USA based company United Natural Foods Inc. (UNFI) is one of the biggest names in Food Distribution. When comparing United Natural Foods Inc. shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.94, there is a growth in quarterly earnings of -13.90%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in UNFI shares?
The recent increase in stakes in UNFI appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in UNFI has increased by 1.50% in the first quarter. The company now owns 8,545,836 shares of the stock, with a value of $407.47 million, following the purchase of 126,261 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in UNFI during the first quarter, downing its stake by -2.25%. During the last quarter, the company picked up -154,690 additional shares for a total stake of worth $320.63 million, bringing number of shares owned by the company to 6,724,698.
During the first quarter, Dimensional Fund Advisors LP added a 175,723 position in UNFI. Kiltearn Partners LLP sold an additional 38700.0 shares in the last quarter, decreasing its holdings by -1.27%, now holding 3.01 million shares worth $143.69 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its UNFI holdings by 1.11% and now holds 2.01 million UNFI shares valued at $95.87 million with the added 22094.0 shares during the period. UNFI shares are owned by institutional investors to the tune of 91.90% at present.