United Natural Foods Inc. (NASDAQ:UNFI)‘s stock had its “neutral” rating reiterated by Northcoast Research in a research report issued on Monday.

Several other research firms have also 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 note on Friday, September 23rd. RBC Capital Markets set a $34.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research note on Wednesday, September 14th. TheStreet lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. Jefferies Group set a $45.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research note on Thursday, September 29th. Finally, Zacks Investment Research lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.48.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

Shares of United Natural Foods (NASDAQ:UNFI) opened at 46.96 on Monday. United Natural Foods has a 52 week low of $29.75 and a 52 week high of $52.18. The stock’s 50 day moving average price is $43.72 and its 200 day moving average price is $43.81. The firm has a market capitalization of $2.37 billion, a P/E ratio of 18.78 and a beta of 1.22.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Monday, September 12th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 earned $2.21 billion during the quarter. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $2.60 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in United Natural Foods by 16.7% in the second quarter. FMR LLC now owns 3,671,127 shares of the company’s stock worth $171,808,000 after buying an additional 526,254 shares during the last quarter. Vanguard Group Inc. boosted its stake in United Natural Foods by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,594,563 shares of the company’s stock worth $168,225,000 after buying an additional 90,354 shares during the last quarter. BlackRock Fund Advisors boosted its stake in United Natural Foods by 6.5% in the third quarter. BlackRock Fund Advisors now owns 2,619,718 shares of the company’s stock worth $104,894,000 after buying an additional 159,935 shares during the last quarter. Riverbridge Partners LLC boosted its stake in United Natural Foods by 16.9% in the third quarter. Riverbridge Partners LLC now owns 1,851,683 shares of the company’s stock worth $74,141,000 after buying an additional 267,643 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in United Natural Foods by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 1,849,873 shares of the company’s stock worth $74,069,000 after buying an additional 208,523 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Company Profile

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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