United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America Corporation in a research report issued to clients and investors on Thursday. They presently have a $36.00 price objective on the stock, up from their prior price objective of $35.00. Bank of America Corporation’s target price indicates a potential downside of 9.41% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Wells Fargo & Company reaffirmed a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $39.00 target price (up previously from $38.00) on shares of United Natural Foods in a report on Thursday. Loop Capital reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $44.00) on shares of United Natural Foods in a report on Thursday. Pivotal Research reaffirmed a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price on shares of United Natural Foods in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.56.
United Natural Foods (NASDAQ:UNFI) traded up 1.43% during midday trading on Thursday, hitting $39.74. 2,316,247 shares of the stock traded hands. The company’s 50-day moving average is $36.13 and its 200 day moving average is $39.19. The firm has a market cap of $2.01 billion, a P/E ratio of 15.96 and a beta of 1.39. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.74.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, 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 business. BlackRock Inc. raised its holdings in United Natural Foods by 16,599.3% during the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after purchasing an additional 5,220,963 shares in the last quarter. Jennison Associates LLC acquired a new stake in United Natural Foods during the second quarter worth approximately $716,000. Peregrine Capital Management LLC raised its holdings in United Natural Foods by 2.0% during the second quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock worth $5,302,000 after purchasing an additional 2,881 shares in the last quarter. GAM Holding AG acquired a new stake in United Natural Foods during the second quarter worth approximately $1,156,000. Finally, Adirondack Research & Management Inc. acquired a new stake in United Natural Foods during the second quarter worth approximately $1,725,000.
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.
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