United Natural Foods Inc (NASDAQ:UNFI) has been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.31.

UNFI has been the topic of several research reports. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Friday, June 8th. Loop Capital set a $61.00 price target on shares of United Natural Foods and gave the stock a “buy” rating in a research note on Thursday, June 7th. Citigroup decreased their price target on shares of United Natural Foods from $53.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, June 21st. Buckingham Research set a $41.00 target price on shares of United Natural Foods and gave the stock a “buy” rating in a research note on Thursday, September 20th. Finally, ValuEngine raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Monday, June 18th.

Hedge funds have recently modified their holdings of the business. Mainstay Capital Management LLC ADV raised its stake in United Natural Foods by 4,166.2% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock worth $142,000 after purchasing an additional 5,916 shares during the period. Summit Trail Advisors LLC increased its position in shares of United Natural Foods by 3,013.3% during the first quarter. Summit Trail Advisors LLC now owns 144,518 shares of the company’s stock valued at $145,000 after acquiring an additional 139,876 shares during the last quarter. Argus Investors Counsel Inc. acquired a new stake in shares of United Natural Foods during the second quarter valued at about $207,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of United Natural Foods during the second quarter valued at about $209,000. Finally, HPM Partners LLC acquired a new stake in shares of United Natural Foods during the second quarter valued at about $223,000.

Shares of NASDAQ:UNFI traded down $0.87 during midday trading on Friday, hitting $29.95. The company’s stock had a trading volume of 1,361,000 shares, compared to its average volume of 658,936. The company has a current ratio of 2.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.56 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.28 and a beta of 1.38. United Natural Foods has a 12-month low of $28.25 and a 12-month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.09). The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. United Natural Foods had a return on equity of 9.05% and a net margin of 1.62%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. analysts expect that United Natural Foods will post 3.42 earnings per share for the current year.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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