BMO Capital Markets set a $54.00 price objective on United Natural Foods (NASDAQ:UNFI) in a research note released on Saturday. The firm currently has a hold rating on the stock.

A number of other research analysts have also issued reports on UNFI. Susquehanna Bancshares set a $49.00 target price on shares of United Natural Foods and gave the company a hold rating in a research note on Thursday, December 7th. Loop Capital set a $56.00 target price on shares of United Natural Foods and gave the company a buy rating in a research note on Friday. Oppenheimer reiterated a hold rating on shares of United Natural Foods in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated an underperform rating and issued a $34.00 target price on shares of United Natural Foods in a research note on Monday, December 4th. Finally, BidaskClub upgraded shares of United Natural Foods from a hold rating to a buy rating in a research note on Saturday, December 2nd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $43.33.

United Natural Foods (NASDAQ UNFI) opened at $49.62 on Friday. The firm has a market cap of $2,507.44, a price-to-earnings ratio of 19.06, a PEG ratio of 3.61 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. United Natural Foods has a twelve month low of $29.53 and a twelve month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter last year, the firm earned $0.58 EPS. sell-side analysts forecast that United Natural Foods will post 2.74 earnings per share for the current fiscal year.

United Natural Foods announced that its board has initiated a stock repurchase program on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Joseph J. Traficanti sold 5,800 shares of United Natural Foods stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $250,850.00. Following the sale, the senior vice president now directly owns 10,113 shares in the company, valued at approximately $437,387.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sean Griffin sold 8,095 shares of United Natural Foods stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the sale, the chief operating officer now owns 6,521 shares in the company, valued at $282,033.25. The disclosure for this sale can be found here. Insiders sold a total of 61,498 shares of company stock worth $2,659,539 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of UNFI. Bank of Montreal Can boosted its position in shares of United Natural Foods by 7.3% during the 2nd quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock valued at $417,000 after acquiring an additional 774 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of United Natural Foods by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 31,762 shares of the company’s stock valued at $1,166,000 after acquiring an additional 1,267 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of United Natural Foods by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 36,938 shares of the company’s stock valued at $1,356,000 after acquiring an additional 315 shares in the last quarter. Sei Investments Co. lifted its holdings in United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in United Natural Foods by 4.4% during the 2nd quarter. Pictet Asset Management Ltd. now owns 260,412 shares of the company’s stock valued at $10,401,000 after purchasing an additional 11,049 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/12/bmo-capital-markets-analysts-give-united-natural-foods-unfi-a-54-00-price-target.html.

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)

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.