United Natural Foods (UNFI) Gets a Hold Rating from Wells Fargo

By Carrie Williams

Wells Fargo analyst Edward Kelly maintained a Hold rating on United Natural Foods (UNFIResearch Report) today. The company’s shares closed yesterday at $12.45, close to its 52-week low of $9.23.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.3% and a 65.4% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and Sprouts Farmers.

United Natural Foods has an analyst consensus of Hold, with a price target consensus of $21.80.

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United Natural Foods’ market cap is currently $632.6M and has a P/E ratio of 5.49. The company has a Price to Book ratio of 0.35.

Based on the recent corporate insider activity of 45 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.

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 non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.