United Natural Foods, Inc. (NASDAQ:UNFI) – Jefferies Group reduced their Q1 2018 EPS estimates for United Natural Foods in a research note issued on Thursday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.61. Jefferies Group currently has a “Hold” rating and a $39.00 price target on the stock. Jefferies Group also issued estimates for United Natural Foods’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.78 EPS, FY2020 earnings at $3.00 EPS, FY2021 earnings at $3.12 EPS and FY2022 earnings at $3.25 EPS.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/16/united-natural-foods-inc-to-post-q1-2018-earnings-of-0-58-per-share-jefferies-group-forecasts-unfi.html.

UNFI has been the topic of a number of other research reports. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, June 27th. Royal Bank Of Canada set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $33.00 price target (down previously from $36.00) on shares of United Natural Foods in a report on Monday, June 19th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Pivotal Research reaffirmed a “sell” rating and set a $32.00 price target on shares of United Natural Foods in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.56.

Shares of United Natural Foods (NASDAQ UNFI) opened at 39.74 on Friday. The company has a 50 day moving average price of $36.13 and a 200-day moving average price of $39.19. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The stock has a market capitalization of $2.01 billion, a P/E ratio of 15.96 and a beta of 1.39.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC raised its stake in United Natural Foods by 9.5% during the 1st quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after acquiring an additional 252 shares during the period. Sei Investments Co. raised its stake in United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after acquiring an additional 1,162 shares during the period. Neuburgh Advisers LLC raised its stake in United Natural Foods by 9.5% during the 1st quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after acquiring an additional 306 shares during the period. LS Investment Advisors LLC raised its stake in United Natural Foods by 20.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after acquiring an additional 711 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after acquiring an additional 2,095 shares during the period.

United Natural Foods Company Profile

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.

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

Receive News & Stock Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related stocks with our FREE daily email newsletter.