Stock analysts at BB&T Corp. hoisted their price objective on shares of United Natural Foods (NASDAQ:UNFI) to $70.00 in a report issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s price objective suggests a potential upside of 16.73% from the stock’s previous close.
Shares of United Natural Foods (NASDAQ:UNFI) traded up 12.94% on Friday, hitting $67.73. The stock had a trading volume of 1,833,897 shares. United Natural Foods has a 52 week low of $47.20 and a 52 week high of $62.95. The stock has a 50-day moving average of $60.30 and a 200-day moving average of $54.22. The company has a market cap of $3.340 billion and a price-to-earnings ratio of 29.40.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $2.49 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of United Natural Foods (NASDAQ:UNFI) from $63.00 to $68.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Monday, August 5th. They now have a $63.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. upgraded shares of United Natural Foods (NASDAQ:UNFI) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, June 19th. They now have a $64.00 price target on the stock, up previously from $57.00.
Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.71.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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