United Natural Foods, Inc. (NYSE:UNFI) Receives $27.50 Average Target Price from Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.50.

A number of research firms recently commented on UNFI. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th.

United Natural Foods Trading Down 1.1 %

UNFI stock opened at $26.67 on Wednesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -16.99 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. United Natural Foods has a 1-year low of $8.58 and a 1-year high of $34.76. The business has a 50 day simple moving average of $29.26 and a two-hundred day simple moving average of $25.10.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Research analysts anticipate that United Natural Foods will post 0.76 EPS for the current fiscal year.

Institutional Trading of United Natural Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in United Natural Foods by 198.8% in the 4th quarter. Mackenzie Financial Corp now owns 31,914 shares of the company’s stock valued at $872,000 after acquiring an additional 21,234 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of United Natural Foods in the fourth quarter worth about $288,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in United Natural Foods by 18.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company’s stock worth $5,152,000 after buying an additional 29,357 shares during the period. Voloridge Investment Management LLC purchased a new position in United Natural Foods in the 4th quarter worth about $471,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in United Natural Foods during the 4th quarter valued at about $524,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.