United Natural Foods (NASDAQ:UNFI) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of United Natural Foods (NASDAQ:UNFI) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

Several other equities analysts have also issued reports on the stock. Loop Capital lowered their target price on shares of United Natural Foods to $21.00 and set a buy rating for the company in a report on Thursday, June 6th. Zacks Investment Research upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Tuesday, May 21st. BMO Capital Markets lowered shares of United Natural Foods from a market perform rating to an underperform rating and lowered their target price for the company from $10.00 to $5.00 in a report on Friday, August 2nd. Pivotal Research reiterated a sell rating and set a $6.00 target price (down from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th. Finally, Buckingham Research reiterated a neutral rating and set a $11.00 target price (down from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $18.59.

UNFI stock opened at $7.90 on Friday. The firm has a 50 day moving average price of $8.96 and a 200-day moving average price of $11.60. United Natural Foods has a 52-week low of $6.75 and a 52-week high of $35.63. The firm has a market capitalization of $416.36 million, a price-to-earnings ratio of 2.54, a PEG ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 125.1% on a year-over-year basis. As a group, sell-side analysts forecast that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp bought a new stake in shares of United Natural Foods during the first quarter valued at approximately $35,000. Zions Bancorporation N.A. bought a new stake in shares of United Natural Foods during the first quarter valued at approximately $51,000. NumerixS Investment Technologies Inc increased its position in shares of United Natural Foods by 96.4% during the second quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,700 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of United Natural Foods by 41.9% during the second quarter. Glen Harbor Capital Management LLC now owns 8,784 shares of the company’s stock valued at $79,000 after acquiring an additional 2,592 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in shares of United Natural Foods by 64.8% during the second quarter. Point72 Hong Kong Ltd now owns 9,349 shares of the company’s stock valued at $84,000 after acquiring an additional 3,675 shares in the last quarter. 98.17% of the stock is owned by institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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