Pivotal Research Assigned a Sell Rating to United Natural Foods

By Carrie Williams

In a report released yesterday, Ajay Jain from Pivotal Research assigned a Sell rating to United Natural Foods (NASDAQ: UNFI), with a price target of $33. The company’s shares closed yesterday at $43.01.

According to TipRanks.com, Jain is a 4-star analyst with an average return of 7.6% and a 50.0% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and Kroger Company.

United Natural Foods has an analyst consensus of Hold, with a price target consensus of $33.

The company has a one year high of $52.18 and a one year low of $33.16. Currently, United Natural Foods has an average volume of 565.4K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UNFI in relation to earlier this year. Most recently, in December 2016, James Heffernan, a Director at UNFI bought 2,660 shares for a total of $97,356.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and related products. It operates through the Wholesale and Other segments. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment engages in other activities of the firm. It offers food and non food, frozen, perishables, bulk, body care products and supplements. The company was founded by Michael S. Funk in 1996 and is headquartered in Providence, RI.