Wells Fargo & Company reaffirmed their hold rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research note issued to investors on Thursday. They currently have a $38.00 price target on the stock.

Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Tuesday, June 13th. Barclays PLC reiterated a sell rating and issued a $37.00 price target on shares of United Natural Foods in a report on Thursday, June 8th. Pivotal Research reiterated a sell rating on shares of United Natural Foods in a report on Wednesday, June 7th. Deutsche Bank AG reduced their price target on shares of United Natural Foods from $46.00 to $43.00 and set a hold rating on the stock in a report on Wednesday, June 7th. Finally, Loop Capital reiterated a buy rating and issued a $44.00 price target (down from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $42.56.

United Natural Foods (UNFI) opened at 39.74 on Thursday. The company has a 50-day moving average of $36.13 and a 200 day moving average of $39.19. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.96 and a beta of 1.39. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $49.74.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. United Natural Foods’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. On average, equities research analysts anticipate that United Natural Foods will post $2.69 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Robecosam AG boosted its position in United Natural Foods by 83.4% in the 2nd quarter. Robecosam AG now owns 63,044 shares of the company’s stock valued at $2,274,000 after buying an additional 28,668 shares during the period. CS Mckee LP boosted its position in United Natural Foods by 0.4% in the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after buying an additional 100 shares during the period. Rowland & Co. Investment Counsel ADV boosted its position in United Natural Foods by 89.1% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 9,700 shares of the company’s stock valued at $357,000 after buying an additional 4,570 shares during the period. The Manufacturers Life Insurance Company boosted its position in United Natural Foods by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 159,431 shares of the company’s stock valued at $5,852,000 after buying an additional 5,475 shares during the period. Finally, Earnest Partners LLC boosted its position in United Natural Foods by 2.1% in the 2nd quarter. Earnest Partners LLC now owns 1,286,088 shares of the company’s stock valued at $47,199,000 after buying an additional 26,895 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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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