UNFI Stock Summary and Trading Ideas (United Natural Foods | NYSE:UNFI)

United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.

United Natural Foods trades on the NYSE stock market under the symbol UNFI.

As of April 23, 2024, UNFI stock price declined to $8.90 with 757,333 million shares trading.

UNFI has a beta of 1.47, meaning it tends to be more sensitive to market movements. UNFI has a correlation of 0.10 to the broad based SPY ETF.

UNFI has a market cap of $528.73 million. This is considered a Small Cap stock.

Last quarter United Natural Foods reported $8 billion in Revenue and $.07 earnings per share. This fell short of revenue expectation by $-95 million and exceeded earnings estimates by $.08.

In the last 3 years, UNFI stock traded as high as $57.89 and as low as $8.81.

The top ETF exchange traded funds that UNFI belongs to (by Net Assets): IJR, RWJ, VTI, VB, IWM.

UNFI has underperformed the market in the last year with a price return of -66.5% while the SPY ETF gained +24.3%. UNFI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -38.8% and -14.7%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

UNFI support price is $8.85 and resistance is $9.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UNFI stock will trade within this expected range on the day.