Jefferies Group LLC Reiterates “Hold” Rating for United Natural Foods, Inc. (UNFI)

United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They presently have a $39.00 price target on the stock, up from their prior price target of $38.00. Jefferies Group LLC’s price target would suggest a potential downside of 1.86% from the stock’s current price. Jefferies Group also issued estimates for United Natural Foods’ Q1 2018 earnings at $0.58 EPS, 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.

A number of other analysts also recently weighed in on the company. Loop Capital restated a “buy” rating and issued a $50.00 price objective (up from $44.00) on shares of United Natural Foods in a report on Thursday. Pivotal Research restated a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of United Natural Foods in a report on Friday, September 8th. Zacks Investment Research downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Finally, BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.56.

United Natural Foods (NASDAQ UNFI) opened at 39.74 on Thursday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.96 and a beta of 1.39. The stock has a 50 day moving average price of $36.13 and a 200 day moving average price of $39.19. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.

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, beating the Zacks’ consensus estimate of $0.70 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.40%. United Natural Foods’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Analysts anticipate that United Natural Foods will post $2.69 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its position in shares of United Natural Foods by 9.5% during the 1st quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after purchasing an additional 252 shares in the last quarter. Neuburgh Advisers LLC boosted its position in shares of United Natural Foods by 9.5% during the 1st quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after purchasing an additional 306 shares in the last quarter. Sei Investments Co. boosted its position in shares of United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after purchasing an additional 1,162 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of United Natural Foods by 20.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after purchasing an additional 711 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after purchasing an additional 2,095 shares in the last quarter.

United Natural Foods Company Profile

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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