United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “market perform” rating reiterated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $40.00 price objective on the stock, up from their previous price objective of $38.00. BMO Capital Markets’ price objective suggests a potential upside of 1.96% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Barclays PLC reaffirmed a “sell” rating and set a $37.00 price target on shares of United Natural Foods in a report on Thursday, June 8th. Pivotal Research reaffirmed a “sell” rating on shares of United Natural Foods in a report on Wednesday, June 7th. Deutsche Bank AG dropped their price target on shares of United Natural Foods from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Loop Capital reaffirmed a “buy” rating and set a $44.00 price target (down previously from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. United Natural Foods presently has a consensus rating of “Hold” and an average price target of $42.56.
Shares of United Natural Foods (NASDAQ UNFI) traded up 5.43% during mid-day trading on Thursday, reaching $39.23. 5,102,994 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $36.04 and its 200-day moving average price is $39.23. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.74. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 15.76 and a beta of 1.39.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Equities research analysts forecast that United Natural Foods will post $2.68 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in United Natural Foods by 16,599.3% during the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after acquiring an additional 5,220,963 shares during the period. Jennison Associates LLC bought a new stake in United Natural Foods during the 2nd quarter worth approximately $716,000. Adirondack Research & Management Inc. bought a new stake in United Natural Foods during the 2nd quarter worth approximately $1,725,000. Peregrine Capital Management LLC raised its stake in United Natural Foods by 2.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock worth $5,302,000 after acquiring an additional 2,881 shares during the period. Finally, GAM Holding AG bought a new stake in United Natural Foods during the 2nd quarter worth approximately $1,156,000.
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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