Jefferies Group Equities Analysts Decrease Earnings Estimates for United Natural Foods, Inc. (UNFI)

United Natural Foods, Inc. (NASDAQ:UNFI) – Equities researchers at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for shares of United Natural Foods in a report released on Thursday. Jefferies Group analyst C. Mandeville now expects that the company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.61. Jefferies Group has a “Hold” rating and a $39.00 price target on the stock. Jefferies Group also issued estimates for United Natural Foods’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.78 EPS, FY2020 earnings at $3.00 EPS, FY2021 earnings at $3.12 EPS and FY2022 earnings at $3.25 EPS.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.21%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. United Natural Foods’s revenue was up 5.7% compared to the same quarter last year.

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Several other research analysts also recently commented on UNFI. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 target price on shares of United Natural Foods in a research note on Wednesday, May 31st. ValuEngine downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG cut their target price on United Natural Foods from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Wednesday, June 7th. Pivotal Research restated a “sell” rating on shares of United Natural Foods in a research note on Wednesday, June 7th. Finally, BMO Capital Markets set a $45.00 price target on United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, June 6th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.56.

United Natural Foods (UNFI) traded up 1.56% during midday trading on Friday, reaching $39.79. 493,746 shares of the company traded hands. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.98 and a beta of 1.39. United Natural Foods has a one year low of $29.53 and a one year high of $49.74. The firm has a 50-day moving average price of $36.08 and a 200-day moving average price of $39.21.

Several institutional investors and hedge funds have recently bought and sold shares of UNFI. Oregon Public Employees Retirement Fund increased its stake in shares of United Natural Foods by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock valued at $761,000 after buying an additional 200 shares during the period. Wells Fargo & Company MN increased its stake in shares of United Natural Foods by 4.7% during the first quarter. Wells Fargo & Company MN now owns 346,753 shares of the company’s stock valued at $14,990,000 after buying an additional 15,595 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of United Natural Foods by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 30,495 shares of the company’s stock valued at $1,317,000 after buying an additional 853 shares during the period. First Trust Advisors LP increased its stake in shares of United Natural Foods by 42.6% during the first quarter. First Trust Advisors LP now owns 118,503 shares of the company’s stock valued at $5,123,000 after buying an additional 35,427 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of United Natural Foods by 9.5% during the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock valued at $126,000 after buying an additional 252 shares during the period.

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.

Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

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