BMO Capital Markets restated their market perform rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report released on Thursday. The firm currently has a $40.00 price objective on the stock, up from their previous price objective of $38.00.
Several other brokerages have also recently weighed in on UNFI. Jefferies Group LLC set a $44.00 target price on United Natural Foods and gave the stock a hold rating in a report on Friday, May 26th. Stephens initiated coverage on United Natural Foods in a report on Friday, August 11th. They issued an equal weight rating and a $50.00 target price for the company. Loop Capital reiterated a buy rating and issued a $50.00 target price (up from $44.00) on shares of United Natural Foods in a report on Thursday. Zacks Investment Research upgraded United Natural Foods from a sell rating to a hold rating in a report on Thursday, June 8th. Finally, Deutsche Bank AG lowered their target price on United Natural Foods from $46.00 to $43.00 and set a hold rating for the company in a report on Wednesday, June 7th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. United Natural Foods currently has an average rating of Hold and a consensus target price of $42.56.
United Natural Foods (NASDAQ UNFI) traded up 0.82% during trading on Thursday, reaching $39.50. The company’s stock had a trading volume of 1,805,809 shares. The firm’s 50-day moving average price is $36.08 and its 200 day moving average price is $39.21. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.74. The company has a market capitalization of $2.00 billion, a P/E ratio of 15.86 and a beta of 1.39.
United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.21% and a net margin of 1.40%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $2.69 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. CS Mckee LP increased its position in United Natural Foods by 0.4% during the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after buying an additional 100 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in United Natural Foods by 0.5% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock valued at $985,000 after buying an additional 107 shares in the last quarter. Amalgamated Bank increased its position in United Natural Foods by 2.8% during the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after buying an additional 196 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in United Natural Foods by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock valued at $761,000 after buying an additional 200 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in United Natural Foods by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock valued at $280,000 after buying an additional 200 shares in the last quarter.
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.
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