Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $28.13

Shares of United Natural Foods, Inc. (NYSE:UNFI) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $28.1250.

A number of research analysts have recently commented on the company. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, July 22nd. The Goldman Sachs Group decreased their price target on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, June 12th. BMO Capital Markets decreased their price target on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the company a “hold” rating in a report on Thursday, June 12th. Finally, Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $25.00 to $26.00 in a report on Wednesday, July 16th.

Institutional Trading of United Natural Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of UNFI. Farther Finance Advisors LLC grew its position in shares of United Natural Foods by 88.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock worth $25,000 after buying an additional 505 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $27,000 after buying an additional 920 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of United Natural Foods during the 4th quarter worth $47,000. Finally, Sterling Capital Management LLC grew its position in shares of United Natural Foods by 796.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after buying an additional 1,672 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Trading Down 2.7%

UNFI stock opened at $26.29 on Tuesday. United Natural Foods has a 1-year low of $12.00 and a 1-year high of $34.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -22.86 and a beta of 0.82. The business has a 50 day simple moving average of $25.22 and a two-hundred day simple moving average of $27.07.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Research analysts anticipate that United Natural Foods will post 0.76 EPS for the current fiscal year.

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.