United Natural Foods (NASDAQ:UNFI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, BidAskClub reports.

UNFI has been the subject of a number of other research reports. Pivotal Research lowered United Natural Foods from a “hold” rating to a “sell” rating and lowered their price target for the company from $14.00 to $8.00 in a research report on Thursday, March 7th. Barclays lowered 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 price target on United Natural Foods and gave the company a “hold” rating in a research report on Friday, June 7th. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Buckingham Research reissued a “neutral” rating and issued a $11.00 target price (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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.98.

UNFI opened at $10.77 on Wednesday. The company has a market cap of $579.22 million, a price-to-earnings ratio of 3.46, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. United Natural Foods has a one year low of $9.23 and a one year high of $44.94.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.21 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. United Natural Foods’s quarterly revenue was up 125.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. Equities research analysts forecast that United Natural Foods will post 1.73 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in UNFI. Piedmont Investment Advisors Inc. increased its position 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 buying an additional 858 shares in the last quarter. Arizona State Retirement System increased its position 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 buying an additional 904 shares in the last quarter. Commonwealth Equity Services LLC increased its position 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 buying an additional 1,050 shares in the last quarter. Cascade Investment Advisors Inc. increased its position 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 buying an additional 1,075 shares in the last quarter. Finally, Bank of Montreal Can increased its position 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 buying an additional 1,120 shares in the last quarter. 98.17% of the stock is owned by hedge funds and other institutional investors.

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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