United Natural Foods (NASDAQ:UNFI) had its target price decreased by Loop Capital to $14.00 in a research report released on Wednesday morning, The Fly reports. Loop Capital currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on UNFI. Zacks Investment Research raised United Natural Foods from a sell rating to a hold rating in a research report on Tuesday, May 21st. BidaskClub raised United Natural Foods from a sell rating to a hold rating in a research report on Tuesday. Buckingham Research reissued a neutral rating and issued a $11.00 price objective (down previously from $17.00) on shares of United Natural Foods in a research report on Thursday, June 6th. They noted that the move was a valuation call. BMO Capital Markets cut United Natural Foods from a market perform rating to an underperform rating and lowered their price objective for the stock from $10.00 to $5.00 in a research report on Friday, August 2nd. Finally, Pivotal Research reissued a sell rating and issued a $6.00 price objective (down previously from $8.00) on shares of United Natural Foods in a research report on Thursday, June 6th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $18.05.

United Natural Foods stock opened at $8.04 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. The stock has a market capitalization of $423.74 million, a price-to-earnings ratio of 2.59, a PEG ratio of 0.82 and a beta of 2.15. United Natural Foods has a 1-year low of $6.75 and a 1-year high of $35.63. The business has a fifty day moving average price of $8.63 and a 200-day moving average price of $11.30.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.21 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. The business’s quarterly revenue was up 125.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, equities research analysts anticipate that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors Inc. raised its stake in United Natural Foods by 7.1% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,959 shares of the company’s stock worth $171,000 after acquiring an additional 858 shares during the last quarter. Arizona State Retirement System raised its stake in United Natural Foods by 1.2% in the 1st quarter. Arizona State Retirement System now owns 79,157 shares of the company’s stock worth $1,046,000 after acquiring an additional 904 shares during the last quarter. Investors Research Corp raised its stake in United Natural Foods by 45.3% in the 2nd quarter. Investors Research Corp now owns 3,850 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Ironwood Investment Management LLC raised its stake in United Natural Foods by 6.7% in the 1st quarter. Ironwood Investment Management LLC now owns 20,900 shares of the company’s stock worth $276,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in United Natural Foods by 4.8% in the 1st quarter. Texas Permanent School Fund now owns 34,841 shares of the company’s stock worth $461,000 after acquiring an additional 1,589 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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The Fly

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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