Wells Fargo Reaffirms Their Hold Rating on United Natural Foods (UNFI)

By Carrie Williams

Wells Fargo analyst Edward Kelly maintained a Hold rating on United Natural Foods (UNFIResearch Report) today. The company’s shares closed last Monday at $7.15, close to its 52-week low of $6.56.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 7.0% and a 67.4% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings.

United Natural Foods has an analyst consensus of Moderate Sell, with a price target consensus of $7.00.

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Based on United Natural Foods’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $18.94 million. In comparison, last year the company had a GAAP net loss of $19.29 million.

Based on the recent corporate insider activity of 42 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 following segments: Wholesale and Other. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.