BMO Capital Markets set a $28.00 price objective on United Natural Foods (NASDAQ:UNFI) in a research note issued to investors on Friday morning, The Fly reports. The brokerage currently has a hold rating on the stock.

UNFI has been the subject of several other reports. Zacks Investment Research cut United Natural Foods from a buy rating to a hold rating in a research report on Wednesday, May 30th. Bank of America reduced their price target on United Natural Foods from $33.00 to $30.00 and set an underperform rating for the company in a research report on Friday. Pivotal Research reduced their price target on United Natural Foods from $34.00 to $33.00 and set a sell rating for the company in a research report on Wednesday, June 13th. Loop Capital set a $61.00 price target on United Natural Foods and gave the company a buy rating in a research report on Friday, July 13th. Finally, BidaskClub cut United Natural Foods from a hold rating to a sell rating in a research report on Tuesday, July 24th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. United Natural Foods currently has a consensus rating of Hold and a consensus price target of $39.85.

NASDAQ:UNFI opened at $31.84 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 0.95. United Natural Foods has a 1 year low of $28.25 and a 1 year high of $52.69. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.11 and a beta of 1.38.

United Natural Foods (NASDAQ:UNFI) last announced 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 company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 9.05%. United Natural Foods’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. equities research analysts predict that United Natural Foods will post 3.49 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in United Natural Foods by 6.1% during the second quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock valued at $251,204,000 after buying an additional 340,578 shares during the period. Kiltearn Partners LLP boosted its stake in United Natural Foods by 0.6% during the first quarter. Kiltearn Partners LLP now owns 4,182,704 shares of the company’s stock valued at $178,560,000 after buying an additional 23,300 shares during the period. Earnest Partners LLC boosted its stake in United Natural Foods by 2.7% during the first quarter. Earnest Partners LLC now owns 1,768,903 shares of the company’s stock valued at $75,957,000 after buying an additional 47,060 shares during the period. Bank of America Corp DE boosted its stake in United Natural Foods by 5.5% during the second quarter. Bank of America Corp DE now owns 904,965 shares of the company’s stock valued at $38,605,000 after buying an additional 47,510 shares during the period. Finally, Northern Trust Corp boosted its stake in United Natural Foods by 5.7% during the second quarter. Northern Trust Corp now owns 893,046 shares of the company’s stock valued at $38,098,000 after buying an additional 47,830 shares during the period.

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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