United Natural Foods Inc (NASDAQ:UNFI) – Equities research analysts at Jefferies Financial Group cut their Q4 2019 EPS estimates for United Natural Foods in a research report issued to clients and investors on Friday, September 21st. Jefferies Financial Group analyst C. Mandeville now forecasts that the company will post earnings of $0.93 per share for the quarter, down from their prior estimate of $1.06.

UNFI has been the topic of several other research reports. Zacks Investment Research lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Morgan Stanley set a $27.00 target price on shares of United Natural Foods and gave the company a “sell” rating in a research note on Monday. Bank of America reduced their target price on shares of United Natural Foods from $33.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday. Pivotal Research reduced their target price on shares of United Natural Foods from $34.00 to $33.00 and set a “sell” rating on the stock in a research note on Wednesday, June 13th. Finally, Loop Capital set a $61.00 target price on shares of United Natural Foods and gave the company a “buy” rating in a research note on Friday, July 13th. Five equities research 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. The company presently has an average rating of “Hold” and an average target price of $39.85.

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

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.09). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in United Natural Foods by 6.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 24,989 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,602 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in United Natural Foods by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 43,296 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,652 shares during the last quarter. Systematic Financial Management LP boosted its stake in United Natural Foods by 5.5% during the 2nd quarter. Systematic Financial Management LP now owns 34,310 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,785 shares during the last quarter. Balasa Dinverno & Foltz LLC boosted its stake in United Natural Foods by 23.1% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 10,172 shares of the company’s stock worth $434,000 after acquiring an additional 1,910 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in United Natural Foods by 4.6% during the 2nd quarter. James Investment Research Inc. now owns 46,210 shares of the company’s stock worth $1,971,000 after acquiring an additional 2,020 shares during the last quarter.

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.

Recommended Story: Average Daily Trade Volume – What You Need to Know

Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.