Thursday, October 29, 2020

United Natural Foods Inc. [UNFI] Stock trading around $18.41 per share: What’s Next?

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United Natural Foods Inc. [NYSE: UNFI] traded at a high on 10/13/20, posting a 5.99 gain after which it closed the day’ session at $18.41. The company report on October 6, 2020 that UNFI Selected as New Grocery Wholesaler by Key Food.

United Natural Foods, Inc. (NYSE: UNFI) (“UNFI”) and Key Food Stores Co-Operative, Inc. (“Key Food”) today announced they have reached a long-term supply agreement for UNFI to serve as the primary grocery wholesaler to Key Food with expected sales to UNFI of approximately $10 billion over 10 years. Founded in 1937, Key Food is a co-operative of independently owned and corporate supermarkets located in New York, New Jersey, other states in the Northeast, and Florida. Stores are operated under multiple banner names that include Key Food, The Food Emporium, Food Universe, Food Dynasty, SuperFresh, and Gala Foods Supermarkets.

“Key Food, whose members operate more than 315 stores, is a rapidly growing organization with a large market share in the New York market,” said UNFI’s Chairman and CEO, Steven Spinner. “We have recently begun to service their Florida stores and are excited to expand service to their Northeast stores toward the end of 2021. We believe our unmatched product variety and knowledge of today’s consumer will benefit Key Food and its retailers, and we look forward to driving value to their operations.”.

The results of the trading session contributed to over 1778516 shares changing hands. Over the past one week, the price volatility of United Natural Foods Inc. stands at 6.45% while the volatility over the past one month is 7.25%.

The market cap for UNFI stock reached $1.02 billion, with 54.66 million shares outstanding and 54.03 million shares in the current float. Compared to the average trading volume of 1.15M shares, UNFI reached a trading volume of 1778516 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about United Natural Foods Inc. [UNFI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UNFI shares is $23.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UNFI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northcoast have made an estimate for United Natural Foods Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 23, 2020. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on July 30, 2020, representing the official price target for United Natural Foods Inc. stock.

The Average True Range (ATR) for United Natural Foods Inc. is set at 1.24, with the Price to Sales ratio for UNFI stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.85. Price to Free Cash Flow for UNFI in the course of the last twelve months was 3.58 with Quick ratio for the last quarter at 0.60.

How has UNFI stock performed recently?

United Natural Foods Inc. [UNFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.65. With this latest performance, UNFI shares gained by 5.20% in over the last four-week period, additionally plugging by 77.87% over the last 6 months – not to mention a rise of 159.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UNFI stock in for the last two-week period is set at 55.24, with the RSI for the last a single of trading hit 61.72, and the three-weeks RSI is set at 53.18 for United Natural Foods Inc. [UNFI]. The present Moving Average for the last 50 days of trading for this stock 18.33, while it was recorded at 17.49 for the last single week of trading, and 14.11 for the last 200 days.

United Natural Foods Inc. [UNFI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and United Natural Foods Inc. [UNFI] shares currently have an operating margin of +1.24 and a Gross Margin at +13.53. United Natural Foods Inc.’s Net Margin is presently recorded at -0.98.

Return on Total Capital for UNFI is now 7.05, given the latest momentum, and Return on Invested Capital for the company is -5.74. Return on Equity for this stock declined to -19.48, with Return on Assets sitting at -3.47. When it comes to the capital structure of this company, United Natural Foods Inc. [UNFI] has a Total Debt to Total Equity ratio set at 319.61. Additionally, UNFI Total Debt to Total Capital is recorded at 76.17, with Total Debt to Total Assets ending up at 47.18. Long-Term Debt to Equity for the company is recorded at 300.88, with the Long-Term Debt to Total Capital now at 71.70.

Reflecting on the efficiency of the workforce at the company, United Natural Foods Inc. [UNFI] managed to generate an average of -$9,150 per employee. Receivables Turnover for the company is 23.60 with a Total Asset Turnover recorded at a value of 3.55.United Natural Foods Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.60.

Earnings analysis for United Natural Foods Inc. [UNFI]

With the latest financial reports released by the company, United Natural Foods Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -53.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UNFI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United Natural Foods Inc. go to -6.32%.

Insider trade positions for United Natural Foods Inc. [UNFI]

There are presently around $827 million, or 84.50% of UNFI stock, in the hands of institutional investors. The top three institutional holders of UNFI stocks are: BLACKROCK INC. with ownership of 8,271,910, which is approximately 2.325% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 6,099,658 shares of the stock with an approximate value of $112.3 million in UNFI stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $77.62 million in UNFI stock with ownership of nearly 19.19% of the company’s market capitalization.

Positions in United Natural Foods Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 120 institutional holders increased their position in United Natural Foods Inc. [NYSE:UNFI] by around 6,372,626 shares. Additionally, 90 investors decreased positions by around 8,110,274 shares, while 30 investors held positions by with 30,464,595 shares. The mentioned changes placed institutional holdings at 44,947,495 shares, according to the latest SEC report filing. UNFI stock had 51 new institutional investments in for a total of 2,396,053 shares, while 24 institutional investors sold positions of 1,518,534 shares during the same period.

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