The Goldman Sachs Group Cuts United Natural Foods (NYSE:UNFI) Price Target to $26.00

United Natural Foods (NYSE:UNFI) had its target price cut by The Goldman Sachs Group from $30.00 to $26.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price objective on United Natural Foods from $33.00 to $24.00 and set a “hold” rating for the company in a report on Thursday. UBS Group dropped their price target on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. Wall Street Zen raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Northcoast Research lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $26.43.

United Natural Foods Stock Down 1.2%

Shares of NYSE UNFI opened at $21.30 on Thursday. The firm’s fifty day moving average is $26.90 and its 200 day moving average is $27.71. United Natural Foods has a 52 week low of $11.88 and a 52 week high of $34.76. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -13.57 and a beta of 0.90.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion for the quarter, compared to analysts’ expectations of $7.78 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, equities research analysts expect that United Natural Foods will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On United Natural Foods

Several hedge funds have recently bought and sold shares of UNFI. Hazlett Burt & Watson Inc. purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in United Natural Foods by 1,672.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock valued at $27,000 after buying an additional 920 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in United Natural Foods during the fourth quarter valued at $37,000. Aquatic Capital Management LLC purchased a new position in United Natural Foods during the fourth quarter valued at $47,000. Finally, Sterling Capital Management LLC boosted its holdings in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after acquiring an additional 1,672 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.