Shares of United Natural Foods Inc. (NASDAQ:UNFI) have been given an average recommendation of “Hold” by the twenty-three analysts that are covering the firm. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $44.32.
Several equities analysts have commented on the stock. TheStreet raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Piper Jaffray Cos. reissued a “neutral” rating and set a $40.00 target price (down from $45.00) on shares of United Natural Foods in a research report on Tuesday, August 16th. Deutsche Bank AG set a $43.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Finally, Morgan Stanley set a $36.00 target price on shares of United Natural Foods and gave the stock a “sell” rating in a research report on Tuesday, September 13th.
United Natural Foods (NASDAQ:UNFI) opened at 40.16 on Monday. United Natural Foods has a 1-year low of $29.75 and a 1-year high of $55.69. The company has a 50 day moving average price of $42.44 and a 200 day moving average price of $42.01. The firm has a market cap of $2.02 billion, a PE ratio of 16.06 and a beta of 1.04.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Monday, September 12th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The business had revenue of $2.21 billion for the quarter. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, equities research analysts forecast that United Natural Foods will post $2.60 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambiar Investors LLC acquired a new position in shares of United Natural Foods during the second quarter worth approximately $28,805,000. FMR LLC raised its stake in United Natural Foods by 16.7% in the second quarter. FMR LLC now owns 3,671,127 shares of the company’s stock valued at $171,808,000 after buying an additional 526,254 shares during the last quarter. Teachers Advisors Inc. raised its stake in United Natural Foods by 414.7% in the second quarter. Teachers Advisors Inc. now owns 375,837 shares of the company’s stock valued at $17,589,000 after buying an additional 302,821 shares during the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new stake in United Natural Foods during the second quarter valued at $13,655,000. Finally, Pictet Asset Management Ltd. purchased a new stake in United Natural Foods during the second quarter valued at $9,319,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.
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