Equities research analysts at Goldman Sachs lowered their price target on shares of United Natural Foods (NASDAQ: UNFI) from $58.00 to $51.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
The analysts wrote, “UNFI reported a noisy F2Q13: EPS fell below GS/consensus estimates, but were largely in-line when excluding costs related to a union labor dispute. Additionally, management revised its adjusted FY13 EPS guidance to $2.15-$2.21 from its prior $2.14-$2.24, but the new range includes a greater impact of the labor dispute. Shares traded down 4.8% on the day vs. the S&P 500 up 0.6% as the market reacted to softening top-line trends and was unwilling to look through the one-time expenses.”
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a research note to investors on Wednesday. They now have a $70.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods in a research note to investors on Friday, February 15th. They now have a $57.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods in a research note to investors on Tuesday, December 4th. They now have a $55.00 price target on the stock.
Nine equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, six have issued a hold rating, and one has given a sell rating to the stock. United Natural Foods presently has an average rating of “overweight” and an average price target of $59.13.
Shares of United Natural Foods traded up 0.46% during mid-day trading on Wednesday, hitting $50.68. United Natural Foods has a one year low of $44.08 and a one year high of $61.26. The stock’s 50-day moving average is currently $53.3. The company has a market cap of $2.498 billion and a P/E ratio of 25.49.
United Natural Foods last released its earnings data on Tuesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. United Natural Foods has set its FY13 guidance at $2.15-2.21 EPS. On average, analysts predict that United Natural Foods will post $2.21 earnings per share for the current fiscal year.
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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