United Natural Foods, Inc. (NYSE:UNFI): A Sinfully Good Stock to Watch

United Natural Foods, Inc. (NYSE:UNFI) price on Thursday, Jan 28, dropped -6.94% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.75.

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A look at the stock’s price movement, the level at last check in today’s session was $29.82, moving within a range at $26.42 and $29.37. The beta value (5-Year monthly) was 1.55 while the PE ratio in trailing twelve months stood at 15.21. Turning to its 52-week performance, $32.18 and $5 were the 52-week high and 52-week low respectively. Overall, UNFI moved 82.5% over the past month.

United Natural Foods, Inc.’s market cap currently stands at around $1.61 Billion, with investors looking forward to this quarter’s earnings report slated for Mar 09, 2021- Mar 15, 2021. The company has a Forward Dividend ratio of 0, with its dividend yield at 0%. As such, investors might be keen on a downside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.81, which has seen fiscal year 2021 EPS growth forecast to increase to $3.17 and about $3.16 for fiscal year 2022. Per the data, EPS growth is expected to be 0.17% for 2021 and 0% for the next financial year.

Analysts have a consensus estimate of $6.9 Billion for the company’s revenue for the quarter, with a low and high estimate of $6.82 Billion and $6.97 Billion respectively. The average forecast suggests up to a 12.5% 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 $27.17 Billion, representing a +2.5% 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 1 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% 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, 2 recommend UNFI as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and 2 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.

The technical evaluation for the stock shows the PEG ratio is 0, with UNFI’s current price about 33.59% and 50.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.65, while 7-day volatility ratio is 1226% and 8.03% in the 30-day chart. Further, United Natural Foods, Inc. (UNFI) has a beta value of 1.55, and an average true range (ATR) of 1.9. Analysts have given the company’s stock an average 52-week price target of $22.5, forecast between a low of $17 and high of $36. Looking at the price targets, the low is -38.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move +29.73%. Nonetheless, investors will most likely welcome a -29.73% jump to $19.5 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 -6.94% today and +296.54% over the past year. Comparatively, Mondelez Intl Inc (MDLZ) has moved +1.74% so far today and only +2.86% in the past 12 months. Looking at another peer, we see that Kraft Heinz Company (KHC) price has dipped -1.55% on the day. However, the stock is 15.3% off its price today a year ago. Moreover, General Mills (GIS) is also down -6.94% in today’s trading while keeping an uptrend of 296.54% over the past year. If we look at the PE ratio, we find that United Natural Foods, Inc.’s ratio stands at 15.21 compared to Mondelez Intl Inc’s 26.05 and Kraft Heinz Company’s 0. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 2.08% and 1.92% respectively on the day as seen in early trades.

If we refocus on United Natural Foods, Inc. (NYSE:UNFI), historical trading data shows that trading volumes averaged 2.49 Million over the past 10 days and 1.59 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 56.14 Million shares.

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As per Thomson Reuters, 1.87% of United Natural Foods, Inc.’s shares are in the hands of company insiders while institutional holders own 85.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.05 Million on January 14, 2021, giving us a short ratio of 8.13. The data shows that as of January 14, 2021 short interest in United Natural Foods, Inc. (UNFI) stood at 25.04% of shares outstanding, with shares short rising to 13.35 Million registered in December. Current price change has pushed the stock +86.73% 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.

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