United Natural Foods Inc. (NYSE:UNFI) price on Friday, August 06, fall -0.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $33.25.
A look at the stock’s price movement, the close in the last trading session was $33.57, moving within a range at $33.09 and $34.28. The beta value (5-Year monthly) was 1.27 while the PE ratio in trailing twelve months stood at 8.59. Turning to its 52-week performance, $42.40 and $14.23 were the 52-week high and 52-week low respectively. Overall, UNFI moved -7.12% over the past month.
United Natural Foods Inc.’s market cap currently stands at around $1.89 billion, with investors looking forward to this quarter’s earnings report slated for Sep 27, 2021 – Oct 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.8, which has seen fiscal year 2021 EPS growth forecast to increase to $3.49 and about $3.38 for fiscal year 2022. Per the data, EPS growth is expected to be 28.30% for 2021 and -3.20% for the next financial year.
Analysts have a consensus estimate of $6.85 billion for the company’s revenue for the quarter, with a low and high estimate of $6.64 billion and $6.96 billion respectively. The average forecast suggests up to a 1.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $27.03 billion, representing a 1.90% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that UNFI is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 3 recommend UNFI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UNFI’s current price about 1.05% and -6.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.82, while 7-day volatility ratio is 3.93% and 4.10% in the 30-day chart. Further, United Natural Foods Inc. (UNFI) has a beta value of 1.27, and an average true range (ATR) of 1.40. Analysts have given the company’s stock an average 52-week price target of $36.75, forecast between a low of $24.00 and high of $46.00. Looking at the price targets, the low is 27.82% off current price level while to achieve the yearly target high, price needs to move -38.35%. Nonetheless, investors will most likely welcome a -6.77% jump to $35.50 which is the analysts’ median price.
In the market, a comparison of United Natural Foods Inc. (UNFI) and its peers suggest the former has performed considerably weaker. Data shows UNFI’s intraday price has changed -0.95% in last session and 62.04% over the past year. Comparatively, The Hain Celestial Group Inc. (HAIN) has moved 0.23% on the day and only 18.25% in the past 12 months. Looking at another peer, we see that AMCON Distributing Company (DIT) price has dipped -1.05% on the day. However, the stock is 213.15% off its price a year ago. Moreover, The Chefs’ Warehouse Inc. (CHEF) is also up 1.47% in trading on the day while keeping a an uptrend of 126.63% over the past year. If we look at the PE ratio, we find that United Natural Foods Inc.’s ratio stands at 8.59 compared to The Hain Celestial Group Inc.’s 138.58 and AMCON Distributing Company’s 7.96. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on United Natural Foods Inc. (NYSE:UNFI), historical trading data shows that trading volumes averaged 0.41 million over the past 10 days and 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 56.46 million shares.
The 0.40% of United Natural Foods Inc.’s shares are in the hands of company insiders while institutional holders own 92.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.71 million on Jun 14, 2021, giving us a short ratio of 3.22. The data shows that as of Jun 14, 2021 short interest in United Natural Foods Inc. (UNFI) stood at 8.36% of shares outstanding, with shares short falling to 6.92 million registered in May 13, 2021. Current price change has pushed the stock 108.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UNFI stock continues to rise going into the next quarter.