United Natural Foods, Inc. (UNFI) Receives Underweight Rating from Morgan Stanley

Morgan Stanley restated their underweight rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research report sent to investors on Monday morning. The brokerage currently has a $33.00 price objective on the stock, down from their previous price objective of $36.00.

Other analysts have also recently issued research reports about the company. Guggenheim reiterated a buy rating and set a $52.00 price objective on shares of United Natural Foods in a research report on Saturday, March 11th. Citigroup Inc. reiterated a buy rating and set a $49.00 price objective (down previously from $54.00) on shares of United Natural Foods in a research report on Saturday, April 22nd. Loop Capital started coverage on United Natural Foods in a research report on Monday, May 15th. They set a buy rating and a $48.00 price objective for the company. Wells Fargo & Co reiterated a hold rating on shares of United Natural Foods in a research report on Wednesday, March 8th. Finally, Zacks Investment Research upgraded United Natural Foods from a sell rating to a hold rating in a research report on Monday, April 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $42.38.

United Natural Foods (UNFI) traded up 0.17% during midday trading on Monday, hitting $36.16. 240,381 shares of the stock were exchanged. The stock has a market cap of $1.83 billion, a P/E ratio of 14.52 and a beta of 1.40. United Natural Foods has a one year low of $29.53 and a one year high of $52.18. The firm has a 50-day moving average price of $40.42 and a 200-day moving average price of $43.82.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that United Natural Foods will post $2.55 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of UNFI. Thrivent Financial for Lutherans raised its stake in shares of United Natural Foods by 10.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 119,653 shares of the company’s stock worth $5,710,000 after buying an additional 11,490 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of United Natural Foods during the fourth quarter worth about $557,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of United Natural Foods by 5.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,390 shares of the company’s stock worth $257,000 after buying an additional 281 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of United Natural Foods by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 50,707 shares of the company’s stock worth $2,419,000 after buying an additional 1,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of United Natural Foods by 42.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 77,789 shares of the company’s stock worth $3,711,000 after buying an additional 23,153 shares during the last quarter. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UNFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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