BidaskClub downgraded shares of United Natural Foods (NASDAQ:UNFI) from a hold rating to a sell rating in a report issued on Saturday morning, BidAskClub reports.

UNFI has been the subject of several other research reports. Pivotal Research downgraded United Natural Foods from a hold rating to a sell rating and cut their price target for the stock from $14.00 to $8.00 in a research note on Thursday, March 7th. Barclays downgraded shares of United Natural Foods from an equal weight rating to an underweight rating in a research note on Tuesday, March 12th. Zacks Investment Research raised shares of United Natural Foods from a strong sell rating to a hold rating in a research note on Friday, February 8th. Finally, Loop Capital cut their target price on shares of United Natural Foods to $30.00 and set a buy rating for the company in a research note on Wednesday, March 6th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $21.13.

NASDAQ:UNFI opened at $10.15 on Friday. The firm has a market cap of $515.82 million, a PE ratio of 3.26, a PEG 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 52-week low of $9.23 and a 52-week high of $47.03.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.21. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.01 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. During the same quarter in the previous year, the company posted $0.71 EPS. On average, analysts expect that United Natural Foods will post 1.73 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in UNFI. BlackRock Inc. grew its holdings in United Natural Foods by 22.7% in the 4th quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock valued at $79,669,000 after buying an additional 1,393,591 shares during the period. Kiltearn Partners LLP grew its holdings in United Natural Foods by 5.5% in the 4th quarter. Kiltearn Partners LLP now owns 4,725,904 shares of the company’s stock valued at $50,047,000 after buying an additional 247,146 shares during the period. Dimensional Fund Advisors LP grew its holdings in United Natural Foods by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,304,747 shares of the company’s stock valued at $56,909,000 after buying an additional 101,400 shares during the period. Towle & Co. purchased a new stake in United Natural Foods in the 4th quarter valued at about $16,169,000. Finally, Goldman Sachs Group Inc. grew its holdings in United Natural Foods by 111.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,204,049 shares of the company’s stock valued at $15,917,000 after buying an additional 634,621 shares during the period. 98.17% of the stock is owned by hedge funds and other institutional investors.

About United Natural Foods

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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