United Natural Foods Inc. (NYSE: UNFI)’s stock price has decreased by -1.17 compared to its previous closing price of 9.39. However, the company has seen a -9.20% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that United Natural (UNFI) is on track with its transformation goals and is poised to realize the value of its platform fully. However, management is operating in a volatile environment, with consumers buying.
Is It Worth Investing in United Natural Foods Inc. (NYSE: UNFI) Right Now?
The 36-month beta value for UNFI is at 0.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for UNFI is 57.81M, and currently, shorts hold a 5.17% of that float. The average trading volume for UNFI on April 18, 2024 was 707.71K shares.
UNFI’s Market Performance
The stock of United Natural Foods Inc. (UNFI) has seen a -9.20% decrease in the past week, with a -22.80% drop in the past month, and a -36.13% fall in the past quarter. The volatility ratio for the week is 4.63%, and the volatility levels for the past 30 days are at 3.84% for UNFI. The simple moving average for the past 20 days is -15.01% for UNFI’s stock, with a -42.37% simple moving average for the past 200 days.
Analysts’ Opinion of UNFI
Many brokerage firms have already submitted their reports for UNFI stocks, with Wells Fargo repeating the rating for UNFI by listing it as a “Underweight.” The predicted price for UNFI in the upcoming period, according to Wells Fargo is $15 based on the research report published on January 04, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see UNFI reach a price target of $32, previously predicting the price at $48. The rating they have provided for UNFI stocks is “Neutral” according to the report published on March 13th, 2023.
UNFI Trading at -29.78% from the 50-Day Moving Average
After a stumble in the market that brought UNFI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.29% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares sank -21.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.82% lower at present.
During the last 5 trading sessions, UNFI fell by -9.20%, which changed the moving average for the period of 200-days by -52.53% in comparison to the 20-day moving average, which settled at $10.79. In addition, United Natural Foods Inc. saw -42.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UNFI starting from Esper Richard Eric, who sale 4,375 shares at the price of $11.35 back on Apr 01 ’24. After this action, Esper Richard Eric now owns 32,865 shares of United Natural Foods Inc., valued at $49,656 using the latest closing price.
Howard John W, the CFO of United Natural Foods Inc., purchase 6,275 shares at $11.99 during a trade that took place back on Mar 11 ’24, which means that Howard John W is holding 179,823 shares at $75,237 based on the most recent closing price.
Stock Fundamentals for UNFI
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.13 for the gross margin
The net margin for United Natural Foods Inc. stands at -0.0. The total capital return value is set at -0.0. Equity return is now at value -6.51, with -1.50 for asset returns.
Based on United Natural Foods Inc. (UNFI), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is -0.13.
Currently, EBITDA for the company is 493.0 million with net debt to EBITDA at 9.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 7.58for trailing twelve months and the total asset turnover is 3.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, United Natural Foods Inc. (UNFI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
