United Natural Foods (NYSE:UNFI) updated its FY 2020 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.22-1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.66. The company issued revenue guidance of $23.5-24.3 billion, compared to the consensus revenue estimate of $24.34 billion.
Several research analysts have recently issued reports on the company. Loop Capital cut their price target on United Natural Foods to $14.00 and set a buy rating for the company in a research note on Wednesday, August 28th. BMO Capital Markets downgraded United Natural Foods from a market perform rating to an underperform rating and cut their price target for the stock from $10.00 to $5.00 in a research note on Friday, August 2nd. Pivotal Research reaffirmed a sell rating and set a $6.00 price target (down previously from $8.00) on shares of United Natural Foods in a research note on Thursday, June 6th. Buckingham Research reaffirmed a neutral rating and set a $11.00 price target (down previously from $17.00) on shares of United Natural Foods in a research note on Thursday, June 6th. They noted that the move was a valuation call. Finally, BidaskClub raised United Natural Foods from a buy rating to a strong-buy rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Natural Foods currently has a consensus rating of Hold and a consensus target price of $16.81.
UNFI stock traded down $0.45 during trading on Tuesday, hitting $11.07. The stock had a trading volume of 1,539,799 shares, compared to its average volume of 1,247,581. The company’s 50 day moving average price is $9.69 and its two-hundred day moving average price is $10.74. United Natural Foods has a 1-year low of $6.75 and a 1-year high of $30.29. The stock has a market cap of $598.67 million, a price-to-earnings ratio of 3.56, a price-to-earnings-growth ratio of 0.81 and a beta of 2.11. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.68 and a current ratio of 1.73.
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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