United Natural Foods, Inc. (NASDAQ:UNFI) Earns Hold Rating from Wells Fargo & Company

Wells Fargo & Company reiterated their hold rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report released on Thursday, June 29th. They currently have a $35.00 price objective on the stock.

UNFI has been the subject of several other research reports. Pivotal Research restated a sell rating and issued a $33.00 target price (up previously from $32.00) on shares of United Natural Foods in a research report on Thursday, March 9th. Jefferies Group LLC restated a hold rating and issued a $44.00 target price on shares of United Natural Foods in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of United Natural Foods from a sell rating to a hold rating in a research report on Monday, April 3rd. Royal Bank Of Canada restated a hold rating and issued a $34.00 target price on shares of United Natural Foods in a research report on Wednesday, May 31st. Finally, BMO Capital Markets decreased their target price on shares of United Natural Foods from $45.00 to $42.00 and set a market perform rating for the company in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.86.

Shares of United Natural Foods (NASDAQ:UNFI) traded down 0.21% during trading on Thursday, hitting $37.88. The stock had a trading volume of 502,593 shares. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 15.21 and a beta of 1.38. The stock’s 50-day moving average is $36.79 and its 200-day moving average is $41.57. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $50.33.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that United Natural Foods will post $2.55 EPS for the current year.

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Large investors have recently modified their holdings of the stock. Washington Capital Management Inc. increased its stake in shares of United Natural Foods by 5.5% in the second quarter. Washington Capital Management Inc. now owns 9,600 shares of the company’s stock valued at $352,000 after buying an additional 500 shares during the period. Texas Permanent School Fund increased its stake in shares of United Natural Foods by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,938 shares of the company’s stock valued at $1,356,000 after buying an additional 315 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of United Natural Foods by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 31,762 shares of the company’s stock valued at $1,166,000 after buying an additional 1,267 shares during the period. ING Groep NV purchased a new stake in shares of United Natural Foods during the second quarter valued at approximately $226,000. Finally, Parametrica Management Ltd bought a new stake in United Natural Foods during the second quarter worth about $201,000. Institutional investors and hedge funds own 98.62% of the company’s stock.

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)

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