BidaskClub cut shares of United Natural Foods (NASDAQ:UNFI) from a hold rating to a sell rating in a report issued on Wednesday morning, BidAskClub reports.

Several other analysts have also recently issued reports on the stock. Barclays cut shares of United Natural Foods from an equal weight rating to an underweight rating in a research report on Tuesday, March 12th. BMO Capital Markets set a $10.00 target price on shares of United Natural Foods and gave the company a hold rating in a research report on Friday, June 7th. Pivotal Research cut shares of United Natural Foods from a hold rating to a sell rating and decreased their target price for the company from $14.00 to $8.00 in a research report on Thursday, March 7th. Loop Capital decreased their target price on shares of United Natural Foods to $30.00 and set a buy rating on the stock in a research report on Wednesday, March 6th. Finally, Zacks Investment Research cut shares of United Natural Foods from a buy rating to a hold rating in a research report on Thursday, May 9th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $18.98.

Shares of UNFI stock opened at $9.12 on Wednesday. The firm has a market capitalization of $480.66 million, a price-to-earnings ratio of 2.93, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $44.94. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.21 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The business’s revenue was up 125.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. As a group, equities analysts expect that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Piedmont Investment Advisors Inc. grew its holdings in United Natural Foods by 7.1% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,959 shares of the company’s stock valued at $171,000 after purchasing an additional 858 shares during the last quarter. Arizona State Retirement System grew its holdings in United Natural Foods by 1.2% during the 1st quarter. Arizona State Retirement System now owns 79,157 shares of the company’s stock valued at $1,046,000 after purchasing an additional 904 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in United Natural Foods by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,338 shares of the company’s stock valued at $342,000 after purchasing an additional 1,050 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in United Natural Foods by 5.0% during the 1st quarter. Cascade Investment Advisors Inc. now owns 22,790 shares of the company’s stock valued at $301,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in United Natural Foods by 20.4% during the 4th quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock valued at $70,000 after purchasing an additional 1,120 shares during the last quarter. Institutional investors own 98.17% of the company’s stock.

United Natural Foods Company Profile

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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