Analysts Set United Natural Foods, Inc. (UNFI) Target Price at $40.08

United Natural Foods, Inc. (NASDAQ:UNFI) has received an average recommendation of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.08.

A number of brokerages recently commented on UNFI. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Citigroup Inc. reissued a “buy” rating and issued a $49.00 target price (down from $54.00) on shares of United Natural Foods in a research report on Saturday, April 22nd. ValuEngine downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Pivotal Research reissued a “sell” rating on shares of United Natural Foods in a research report on Wednesday, June 7th.

United Natural Foods (NASDAQ:UNFI) opened at 36.25 on Monday. The company’s 50 day moving average price is $36.51 and its 200-day moving average price is $40.96. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.56 and a beta of 1.39. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $50.15.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of United Natural Foods by 4.7% in the first quarter. Wells Fargo & Company MN now owns 346,753 shares of the company’s stock worth $14,990,000 after buying an additional 15,595 shares in the last quarter. Bridge Creek Capital Management LLC increased its position in shares of United Natural Foods by 0.9% in the first quarter. Bridge Creek Capital Management LLC now owns 45,443 shares of the company’s stock worth $1,965,000 after buying an additional 425 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after buying an additional 200 shares in the last quarter. Breton Hill Capital Ltd. acquired a new position in shares of United Natural Foods during the first quarter worth about $671,000. Finally, Polaris Greystone Financial Group LLC increased its position in United Natural Foods by 4.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 30,489 shares of the company’s stock worth $1,318,000 after buying an additional 1,160 shares during the period. Institutional investors own 98.62% of the company’s stock.

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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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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