United Natural Foods, Inc. (NASDAQ:UNFI) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also recently weighed in on the stock. Loop Capital started coverage on shares of United Natural Foods in a research report on Monday, May 15th. They issued a “buy” rating and a $48.00 price objective for the company. Wells Fargo & Company reissued a “hold” rating on shares of United Natural Foods in a research report on Tuesday, June 6th. Barclays PLC reissued a “sell” rating and issued a $37.00 price objective on shares of United Natural Foods in a research report on Thursday, June 8th. Citigroup Inc. reissued a “buy” rating and issued a $49.00 price objective (down from $54.00) on shares of United Natural Foods in a research report on Saturday, April 22nd. Finally, Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. United Natural Foods currently has an average rating of “Hold” and a consensus target price of $40.86.

Shares of United Natural Foods (NASDAQ:UNFI) traded down 0.52% during midday trading on Friday, hitting $36.06. The stock had a trading volume of 88,472 shares. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $50.15. The stock has a market cap of $1.83 billion, a P/E ratio of 14.48 and a beta of 1.39. The stock has a 50-day moving average price of $36.51 and a 200-day moving average price of $40.96.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. Equities analysts forecast that United Natural Foods will post $2.55 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/united-natural-foods-inc-nasdaqunfi-lowered-to-sell-at-bidaskclub/1472289.html.

A number of institutional investors have recently modified their holdings of UNFI. Capstone Asset Management Co. boosted its position in shares of United Natural Foods by 6.5% in the first quarter. Capstone Asset Management Co. now owns 8,849 shares of the company’s stock worth $383,000 after buying an additional 540 shares in the last quarter. Alpha Windward LLC acquired a new position in shares of United Natural Foods during the first quarter worth about $467,000. Louisiana State Employees Retirement System boosted its position in shares of United Natural Foods by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $553,000 after buying an additional 300 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of United Natural Foods by 4,223.0% in the first quarter. Legato Capital Management LLC now owns 36,573 shares of the company’s stock worth $846,000 after buying an additional 35,727 shares in the last quarter. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of United Natural Foods during the first quarter worth about $242,000. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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