United Natural Foods Inc (NYSE:UNFI) Receives Consensus Rating of “Hold” from Brokerages

Shares of United Natural Foods Inc (NYSE:UNFI) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.11.

Several equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of United Natural Foods in a research report on Thursday, July 16th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Friday, September 25th. ValuEngine lowered shares of United Natural Foods from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. MKM Partners assumed coverage on shares of United Natural Foods in a research report on Wednesday, July 29th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, September 23rd.

A number of large investors have recently modified their holdings of UNFI. Envestnet Asset Management Inc. purchased a new position in shares of United Natural Foods during the 3rd quarter valued at approximately $168,000. Demars Financial Group LLC bought a new position in United Natural Foods during the second quarter worth $44,000. Schonfeld Strategic Advisors LLC bought a new position in United Natural Foods during the second quarter worth $5,846,000. Bridgeway Capital Management Inc. lifted its stake in United Natural Foods by 101.7% during the second quarter. Bridgeway Capital Management Inc. now owns 195,400 shares of the company’s stock worth $3,558,000 after purchasing an additional 98,500 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in United Natural Foods by 55.1% during the second quarter. Nuveen Asset Management LLC now owns 748,147 shares of the company’s stock worth $13,623,000 after purchasing an additional 265,844 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Shares of NYSE UNFI traded up $0.42 during trading on Friday, hitting $19.49. 1,469,452 shares of the company were exchanged, compared to its average volume of 1,705,847. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -3.35 and a beta of 1.43. United Natural Foods has a 1 year low of $5.00 and a 1 year high of $23.38. The firm’s fifty day moving average price is $17.48 and its 200 day moving average price is $16.82. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.50 and a quick ratio of 0.69.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Monday, September 28th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.72 by $0.34. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. United Natural Foods had a negative net margin of 1.22% and a positive return on equity of 9.88%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, research analysts forecast that United Natural Foods will post 2.4 earnings per share for the current year.

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 (NYSE:UNFI)

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