United Natural Foods, Inc. (NASDAQ:UNFI) Receives Consensus Rating of “Hold” from Brokerages

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) have been given an average rating of “Hold” by the eighteen analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $40.08.

Several brokerages recently issued reports on UNFI. Zacks Investment Research cut United Natural Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank Of Canada set a $34.00 price objective on United Natural Foods and gave the stock a “hold” rating in a research report on Sunday, July 16th. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Wells Fargo & Company reissued a “hold” rating and issued a $35.00 price objective on shares of United Natural Foods in a research report on Thursday, June 29th. Finally, BMO Capital Markets set a $38.00 price objective on United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, June 27th.

Several hedge funds have recently added to or reduced their stakes in the stock. Liberty Mutual Group Asset Management Inc. raised its stake in United Natural Foods by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock worth $985,000 after buying an additional 107 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in 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 during the last quarter. Advantus Capital Management Inc raised its stake in United Natural Foods by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock worth $280,000 after buying an additional 200 shares during the last quarter. Trust Co. of Vermont raised its stake in United Natural Foods by 3.7% in the first quarter. Trust Co. of Vermont now owns 6,925 shares of the company’s stock worth $299,000 after buying an additional 250 shares during the last quarter. Finally, Flinton Capital Management LLC raised its stake in United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the last quarter. Institutional investors own 98.62% of the company’s stock.

Shares of United Natural Foods (NASDAQ UNFI) traded down 1.32% during midday trading on Monday, hitting $37.28. The stock had a trading volume of 77,875 shares. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $50.33. The firm has a market cap of $1.89 billion, a P/E ratio of 14.97 and a beta of 1.39. The company’s 50 day moving average is $36.66 and its 200 day moving average is $41.33.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts predict that United Natural Foods will post $2.55 earnings per share for the current fiscal year.

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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.