United Natural Foods Inc. (NASDAQ:UNFI) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for shares of United Natural Foods in a note issued to investors on Friday. Jefferies Group analyst C. Mandeville now expects that the firm will post earnings of $2.77 per share for the year, down from their previous forecast of $2.78. Jefferies Group has a “Hold” rating and a $45.00 price target on the stock. Jefferies Group also issued estimates for United Natural Foods’ FY2020 earnings at $3.20 EPS.

A number of other brokerages have also recently weighed in on UNFI. Zacks Investment Research cut United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. TheStreet upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Piper Jaffray Cos. restated a “neutral” rating and set a $40.00 price objective (up from $33.00) on shares of United Natural Foods in a research note on Tuesday, June 7th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 7th. Finally, Standpoint Research cut United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and an average target price of $44.36.

United Natural Foods (NASDAQ:UNFI) traded up 1.50% during midday trading on Monday, hitting $40.63. The company’s stock had a trading volume of 104,486 shares. United Natural Foods has a one year low of $29.75 and a one year high of $55.69. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 16.25 and a beta of 1.04. The company’s 50-day moving average is $43.02 and its 200 day moving average is $42.05.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Monday, September 12th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The business earned $2.21 billion during the quarter. United Natural Foods had a return on equity of 8.85% and a net margin of 1.48%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share.

A number of hedge funds have recently bought and sold shares of the company. M&T Bank Corp raised its stake in shares of United Natural Foods by 1.2% in the first quarter. M&T Bank Corp now owns 6,179 shares of the company’s stock valued at $249,000 after buying an additional 76 shares during the last quarter. Royce & Associates LP raised its stake in shares of United Natural Foods by 11.8% in the first quarter. Royce & Associates LP now owns 296,720 shares of the company’s stock valued at $11,958,000 after buying an additional 31,303 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of United Natural Foods during the first quarter valued at approximately $723,000. Impax Asset Management LTD raised its stake in shares of United Natural Foods by 34.8% in the first quarter. Impax Asset Management LTD now owns 520,039 shares of the company’s stock valued at $20,960,000 after buying an additional 134,358 shares during the last quarter. Finally, Impax Asset Management AIFM Ltd raised its stake in shares of United Natural Foods by 9.3% in the first quarter. Impax Asset Management AIFM Ltd now owns 308,319 shares of the company’s stock valued at $12,425,000 after buying an additional 26,200 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About United Natural Foods

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

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