United Natural Foods (UNFI) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $33 . RBC Capital Mkts advised their investors in a research report released on Sep 14, 2016.
On the company’s financial health, United Natural Foods reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Sep 12, 2016. Analyst had a consensus of $0.63. The company had revenue of $2213.80 million for the quarter, compared to analysts expectations of $2218.59 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
United Natural Foods opened for trading at $41.67 and hit $41.935 on the upside on Monday, eventually ending the session at $41.82, with a gain of 0.50% or 0.21 points. The heightened volatility saw the trading volume jump to 1,804,968 shares. Company has a market cap of $2,107 M.
In a different news, on Oct 20, 2015, Thomas A Dziki (CHRSO) sold 19,195 shares at $53.94 per share price. According to the SEC, on Oct 8, 2015, Donald P. Mcintyre (SVP, National Supply Chain) sold 1,200 shares at $52.94 per share price. On Aug 25, 2015, Sean Griffin (COO) purchased 6,521 shares at $46.10 per share price, according to the Form-4 filing with the securities and exchange commission.
United Natural Foods Inc. is a distributor of natural organic and specialty foods and non-food products in the United States and Canada. It offers products in six product categories: grocery and general merchandise produce perishables and frozen foods nutritional supplements and sports nutrition bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division which includes its natural organic and specialty distribution business in the United States; UNFI Canada which is its natural organic and specialty business in Canada; Albert’s Organics Inc. and Select Nutrition; retail division consisting of EOM which operates its 12 natural products retail stores within the United States; manufacturing division consisting of Woodstock Farms Manufacturing. In July 2014 the Company acquired all of stock of Tony’s Fine Foods making it a wholly-owned subsidiary of the Company.