United Natural Foods (NYSE:UNFI) Price Target Lowered to $25.00 at BMO Capital Markets

United Natural Foods (NYSE:UNFI) had its target price lowered by BMO Capital Markets from $32.00 to $25.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on United Natural Foods from $33.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday. Wall Street Zen upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. CL King raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 12th. Finally, Northcoast Research lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.43.

United Natural Foods Price Performance

United Natural Foods stock opened at $21.30 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.29 billion, a P/E ratio of -13.57 and a beta of 0.90. The business has a 50-day moving average of $26.90 and a 200-day moving average of $27.71. United Natural Foods has a 1 year low of $11.88 and a 1 year high of $34.76.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts anticipate that United Natural Foods will post 0.76 EPS for the current year.

Institutional Trading of United Natural Foods

A number of institutional investors have recently made changes to their positions in UNFI. Inspire Investing LLC acquired a new stake in United Natural Foods in the 1st quarter valued at $353,000. Invst LLC bought a new position in shares of United Natural Foods in the 1st quarter valued at about $1,470,000. Strs Ohio acquired a new stake in shares of United Natural Foods in the first quarter valued at about $764,000. McAdam LLC acquired a new stake in shares of United Natural Foods in the first quarter valued at about $281,000. Finally, Intech Investment Management LLC raised its holdings in United Natural Foods by 39.4% during the first quarter. Intech Investment Management LLC now owns 90,891 shares of the company’s stock worth $2,490,000 after acquiring an additional 25,676 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.