United Natural Foods’ (UNFI) “Sector Perform” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their sector perform rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research note issued to investors on Wednesday. Royal Bank Of Canada currently has a $36.00 price objective on the stock, up from their previous price objective of $34.00.
A number of other research analysts also recently issued reports on UNFI. Jefferies Group LLC set a $44.00 price target on United Natural Foods and gave the company a hold rating in a report on Friday, May 26th. ValuEngine downgraded United Natural Foods from a buy rating to a hold rating in a report on Friday, June 2nd. Deutsche Bank AG reduced their target price on United Natural Foods from $46.00 to $43.00 and set a hold rating on the stock in a report on Wednesday, June 7th. Pivotal Research reiterated a sell rating on shares of United Natural Foods in a report on Wednesday, June 7th. Finally, BMO Capital Markets set a $45.00 target price on United Natural Foods and gave the stock a hold rating in a report on Tuesday, June 6th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $42.69.
Shares of United Natural Foods (UNFI) opened at 43.03 on Wednesday. The firm has a market cap of $2.18 billion, a PE ratio of 17.28 and a beta of 1.39. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The company’s 50-day moving average price is $36.25 and its 200 day moving average price is $39.08.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $0.70 EPS. United Natural Foods’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $2.71 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its position in United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after acquiring an additional 1,162 shares in the last quarter. LS Investment Advisors LLC lifted its position in United Natural Foods by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after acquiring an additional 711 shares in the last quarter. Riverhead Capital Management LLC lifted its position in United Natural Foods by 80.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after acquiring an additional 2,095 shares in the last quarter. Flinton Capital Management LLC lifted its position in United Natural Foods by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in United Natural Foods in the 2nd quarter valued at approximately $201,000.
United Natural Foods Company Profile
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.
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