Stephens initiated coverage on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report issued on Friday, Marketbeat.com reports. The firm issued an equal weight rating and a $50.00 price objective on the stock.

Several other equities analysts have also issued reports on UNFI. Citigroup Inc. reiterated a buy rating and issued a $49.00 price objective (down from $54.00) on shares of United Natural Foods in a research report on Saturday, April 22nd. Zacks Investment Research upgraded United Natural Foods from a sell rating to a hold rating in a research report on Monday, April 24th. Loop Capital started coverage on United Natural Foods in a research report on Monday, May 15th. They issued a buy rating and a $48.00 price objective for the company. Jefferies Group LLC set a $44.00 price objective on United Natural Foods and gave the company a hold rating in a research report on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $34.00 price objective on shares of United Natural Foods in a research report on Wednesday, May 31st. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $41.47.

United Natural Foods (NASDAQ UNFI) traded down 0.03% during mid-day trading on Friday, hitting $36.24. 245,162 shares of the company traded hands. United Natural Foods has a one year low of $29.53 and a one year high of $50.15. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.55 and a beta of 1.39. The company’s 50-day moving average price is $36.55 and its 200 day moving average price is $40.88.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the firm earned $0.76 EPS. United Natural Foods’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that United Natural Foods will post $2.55 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its stake in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares in the last quarter. Sei Investments Co. boosted its stake in shares of United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after buying an additional 1,162 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in shares of United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after buying an additional 306 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after buying an additional 711 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock worth $154,000 after buying an additional 548 shares in the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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