Stock analysts at Northcoast Research initiated coverage on shares of United Natural Foods Inc. (NASDAQ:UNFI) in a report released on Tuesday. The brokerage set a “neutral” rating on the stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. BMO Capital Markets reissued a “market perform” rating on shares of United Natural Foods in a research report on Wednesday, September 14th. Deutsche Bank AG set a $43.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $40.00 price target (down previously from $45.00) on shares of United Natural Foods in a research report on Tuesday, August 16th. Finally, RBC Capital Markets set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Wednesday, September 14th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.48.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

United Natural Foods (NASDAQ:UNFI) opened at 47.10 on Tuesday. The company has a 50 day moving average price of $43.26 and a 200 day moving average price of $43.50. The firm has a market capitalization of $2.37 billion, a P/E ratio of 18.84 and a beta of 1.22. United Natural Foods has a 52-week low of $29.75 and a 52-week high of $52.18.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Monday, September 12th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The firm earned $2.21 billion during the quarter. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. On average, equities analysts forecast that United Natural Foods will post $2.60 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of United Natural Foods by 117.5% in the second quarter. JPMorgan Chase & Co. now owns 2,553 shares of the company’s stock worth $119,000 after buying an additional 1,379 shares during the period. Acrospire Investment Management LLC raised its position in shares of United Natural Foods by 575.0% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $126,000 after buying an additional 2,300 shares during the period. Integrated Investment Consultants LLC raised its position in shares of United Natural Foods by 11.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,077 shares of the company’s stock worth $130,000 after buying an additional 321 shares during the period. LS Investment Advisors LLC raised its position in shares of United Natural Foods by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,235 shares of the company’s stock worth $130,000 after buying an additional 173 shares during the period. Finally, Advisor Group Inc. raised its position in shares of United Natural Foods by 9.9% in the third quarter. Advisor Group Inc. now owns 3,527 shares of the company’s stock worth $141,000 after buying an additional 318 shares during the period. Institutional investors and hedge funds own 98.32% of the company’s stock.

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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.

5 Day Chart for NASDAQ:UNFI

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