United Natural Foods, Inc. (NYSE:UNFI) traded at $36.86 at close of the session on Monday, May 03, made an upward move of 2.25% on its previous day’s price.
Looking at the stock we see that its previous close was $36.05 and the beta (5Y monthly) reads 1.26 with the day’s price range being $35.63 – 37.60. The company has a trailing 12-month PE ratio of 10.51. In terms of its 52-week price range, UNFI has a high of $41.37 and a low of $10.21. The company’s stock has gained about 11.9% over that past 30 days.
United Natural Foods, Inc. has a market cap of $2.03 Billion and is expected to release its quarterly earnings report on Jun 08, 2021- Jun 14, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the UNFI stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.89, with the EPS growth for the year raised at $3.41 for 2021 and $3.55 for next year. These figures represent 0.25% and 0.04% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.82 Billion, with a low of $6.55 Billion and a high of $6.95 Billion. The median projection represents growth adding up to 2.2% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $27.23 Billion, or +2.7% up from figures reported last year.
On the other hand, looking at the outlook for the UNFI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the United Natural Foods, Inc. (UNFI) stock as a Hold, while 2 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the UNFI stock currently stands at 0, and the current price level is 4.4% off its SMA20 and 11.06% from its 50-day simple moving average. The RSI (14) is pointing at 59.57 while the volatility over the past week is 5.42% and jumps to 5.91% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 2.02. The average price target for the stock over the next 12 months is $35.57, with the estimates having a low of $24 and a high of $46. These price ends are -34.89% and +24.8% off the current price level respectively, although investors could be excited at the prospect of a -7.76% if the UNFI share price touches on the median price of $34.
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Let’s briefly compare United Natural Foods, Inc. (UNFI) stock to its peers. We find that current price change of +2.25% and +246.43% over the past 12 months for UNFI betters that of Mondelez Intl Inc (MDLZ), which has seen its stock price fall -0.16% in the last trading session and was +18.22% over the last one year. Another of its peers Kraft Heinz Company (KHC) has dropped -0.95% previous session, and was +36.14% up over the past year, while Sysco Corp (SYY) was also up 2.25% in the last session, while its price remained in the green at 246.43% over the same period. United Natural Foods, Inc. has a P/E ratio of 10.51 compared to Mondelez Intl Inc’s 23.09 and Kraft Heinz Company’s 115.98. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to United Natural Foods, Inc. (NYSE:UNFI), we note that the average 3-month trading volume was 1.56 Million, while that of the preceding 10-day period stands at 862.15 Million. Current shares outstanding are 56.3 Million.
According to data from Thomson Reuters, insiders hold 1.78% of the company’s shares while institutions hold 89.96%. The data shows that short shares as of April 14, 2021, stood at 9.47 Million at a short ratio of 8.98. This represents a 16.82% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 10.51 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +130.81% up in year-to-date price movement.