United Natural Foods Inc (UNFI) Receives Average Rating of “Hold” from Analysts

United Natural Foods Inc (NASDAQ:UNFI) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.39.

UNFI has been the topic of a number of recent analyst reports. Loop Capital dropped their price target on shares of United Natural Foods to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, March 19th. ValuEngine upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada dropped their price target on shares of United Natural Foods to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 17th.

Shares of NASDAQ UNFI traded down $0.34 during midday trading on Wednesday, reaching $13.31. 652,600 shares of the company traded hands, compared to its average volume of 1,532,726. United Natural Foods has a 52 week low of $9.23 and a 52 week high of $47.73. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. The stock has a market cap of $682.00 million, a P/E ratio of 4.28, a P/E/G ratio of 0.82 and a beta of 2.15.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.21. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the previous year, the business earned $0.71 earnings per share. On average, sell-side analysts anticipate that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Cerebellum GP LLC increased its stake in United Natural Foods by 2,211.4% in the 4th quarter. Cerebellum GP LLC now owns 3,236 shares of the company’s stock worth $34,000 after purchasing an additional 3,096 shares in the last quarter. NumerixS Investment Technologies Inc increased its stake in United Natural Foods by 100.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock worth $35,000 after purchasing an additional 1,700 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in United Natural Foods by 1,992.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 414,313 shares of the company’s stock worth $39,000 after purchasing an additional 394,515 shares in the last quarter. We Are One Seven LLC purchased a new position in United Natural Foods in the 4th quarter worth about $41,000. Finally, Bank of Montreal Can increased its stake in United Natural Foods by 20.4% in the 4th quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock worth $70,000 after purchasing an additional 1,120 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company’s stock.

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 (NASDAQ:UNFI)

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