United Natural Foods Inc (NASDAQ:UNFI) Receives Consensus Rating of “Hold” from Brokerages

United Natural Foods Inc (NASDAQ:UNFI) has received an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.88.

Several equities research analysts recently weighed in on UNFI shares. BMO Capital Markets downgraded shares of United Natural Foods from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $10.00 to $5.00 in a research report on Friday, August 2nd. Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Saturday. Pivotal Research reaffirmed a “sell” rating and issued a $6.00 target price (down previously from $8.00) on shares of United Natural Foods in a research report on Thursday, June 6th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $11.00 target price (down previously from $17.00) on shares of United Natural Foods in a research report on Thursday, June 6th. They noted that the move was a valuation call.

Large investors have recently bought and sold shares of the business. Investors Research Corp bought a new stake in shares of United Natural Foods during the 1st quarter valued at $35,000. Zions Bancorporation N.A. bought a new stake in shares of United Natural Foods during the 1st quarter valued at $51,000. NumerixS Investment Technologies Inc grew its position in shares of United Natural Foods by 96.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,700 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of United Natural Foods by 41.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 8,784 shares of the company’s stock valued at $79,000 after acquiring an additional 2,592 shares during the period. Finally, Point72 Hong Kong Ltd grew its position in shares of United Natural Foods by 64.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 9,349 shares of the company’s stock valued at $84,000 after acquiring an additional 3,675 shares during the period. 98.17% of the stock is owned by institutional investors and hedge funds.

Shares of UNFI traded up $0.55 on Tuesday, hitting $7.47. 871,200 shares of the stock traded hands, compared to its average volume of 1,276,845. The company has a market capitalization of $393.70 million, a PE ratio of 2.40, a P/E/G ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59. The business has a 50 day simple moving average of $9.04 and a 200 day simple moving average of $11.66. United Natural Foods has a one year low of $6.75 and a one year high of $35.63.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.21 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The firm’s quarterly revenue was up 125.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. On average, equities analysts expect that United Natural Foods will post 1.73 earnings per share for the current year.

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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