United Natural Foods Inc. (NASDAQ:UNFI) – Research analysts at Northcoast Research issued their Q1 2017 EPS estimates for shares of United Natural Foods in a research report issued on Tuesday. Northcoast Research analyst C. Cerankosky expects that the brokerage will post earnings per share of $0.62 for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for United Natural Foods’ Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.60 EPS and FY2018 earnings at $2.87 EPS.

A number of other brokerages also recently issued reports on UNFI. Barclays PLC reaffirmed a “sell” rating and issued a $40.00 price objective on shares of United Natural Foods in a research report on Friday, September 23rd. RBC Capital Markets set a $34.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Wednesday, September 14th. TheStreet downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Thursday, September 8th. Jefferies Group set a $45.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, September 29th. Finally, Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Five investment 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 currently has an average rating of “Hold” and a consensus target price of $43.48.

Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

COPYRIGHT VIOLATION NOTICE: “United Natural Foods Inc. Expected to Post Q1 2017 Earnings of $0.62 Per Share (UNFI)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international trademark and copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2016/11/27/united-natural-foods-inc-expected-to-post-q1-2017-earnings-of-0-62-per-share-unfi.html.

United Natural Foods (NASDAQ:UNFI) opened at 47.26 on Friday. The firm has a 50-day moving average of $43.53 and a 200 day moving average of $43.59. United Natural Foods has a 52-week low of $29.75 and a 52-week high of $52.18. The company has a market capitalization of $2.38 billion, a P/E ratio of 18.90 and a beta of 1.22.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Monday, September 12th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The business had revenue of $2.21 billion for the quarter. During the same quarter in the previous year, the business posted $0.72 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in UNFI. BlackRock Group LTD raised its stake in United Natural Foods by 32.9% in the first quarter. BlackRock Group LTD now owns 33,828 shares of the company’s stock worth $1,363,000 after buying an additional 8,383 shares during the last quarter. Geode Capital Management LLC raised its stake in United Natural Foods by 40.6% in the first quarter. Geode Capital Management LLC now owns 461,055 shares of the company’s stock worth $18,580,000 after buying an additional 133,125 shares during the last quarter. Nuveen Asset Management LLC raised its stake in United Natural Foods by 7.8% in the first quarter. Nuveen Asset Management LLC now owns 25,436 shares of the company’s stock worth $1,025,000 after buying an additional 1,832 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in United Natural Foods by 31.6% in the first quarter. Envestnet Asset Management Inc. now owns 76,761 shares of the company’s stock worth $3,093,000 after buying an additional 18,423 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in United Natural Foods by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 79,761 shares of the company’s stock worth $3,214,000 after buying an additional 1,430 shares during the last quarter. 98.32% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “United Natural Foods Inc. Expected to Post Q1 2017 Earnings of $0.62 Per Share (UNFI)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international trademark and copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2016/11/27/united-natural-foods-inc-expected-to-post-q1-2017-earnings-of-0-62-per-share-unfi.html.

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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