United Natural Foods Inc (NASDAQ:UNFI) Receives $18.24 Consensus Price Target from Brokerages

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Shares of United Natural Foods Inc (NASDAQ:UNFI) have received an average rating of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $18.24.

Several research analysts have recently commented on UNFI shares. BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets downgraded United Natural Foods from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $10.00 to $5.00 in a report on Friday, August 2nd. Loop Capital decreased their price objective on United Natural Foods to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Buckingham Research reiterated a “neutral” rating and issued a $11.00 price objective (down previously from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Finally, Pivotal Research reiterated a “sell” rating and issued a $6.00 price objective (down previously from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th.

Shares of UNFI traded up $0.06 during trading hours on Friday, hitting $12.09. The company had a trading volume of 779,693 shares, compared to its average volume of 1,249,720. The firm has a market cap of $637.19 million, a P/E ratio of 3.89, a P/E/G ratio of 0.82 and a beta of 2.15. The stock’s 50 day moving average price is $8.63 and its 200 day moving average price is $10.96. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. United Natural Foods has a 52-week low of $6.75 and a 52-week high of $34.49.

Several hedge funds and other institutional investors have recently bought and sold shares of UNFI. BNP Paribas Arbitrage SA grew its stake in shares of United Natural Foods by 90.3% in the first quarter. BNP Paribas Arbitrage SA now owns 11,751 shares of the company’s stock worth $155,000 after purchasing an additional 5,577 shares during the last quarter. Bank of Montreal Can grew its stake in shares of United Natural Foods by 176.0% in the first quarter. Bank of Montreal Can now owns 18,226 shares of the company’s stock worth $242,000 after purchasing an additional 11,622 shares during the last quarter. Arizona State Retirement System grew its stake in shares of United Natural Foods by 1.2% in the first quarter. Arizona State Retirement System now owns 79,157 shares of the company’s stock worth $1,046,000 after purchasing an additional 904 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of United Natural Foods by 1,556.0% in the first quarter. Janney Montgomery Scott LLC now owns 211,420 shares of the company’s stock worth $2,795,000 after purchasing an additional 198,653 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of United Natural Foods by 46.1% in the first quarter. Janus Henderson Group PLC now owns 30,498 shares of the company’s stock worth $403,000 after purchasing an additional 9,627 shares during the last quarter. 98.17% of the stock is currently owned by institutional investors.

United Natural Foods Company Profile

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.

Further Reading: Quiet Period Expirations Explained

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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