United Natural Foods, Inc. (UNFI) Given “Hold” Rating at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. restated their hold rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a research report released on Monday. Oppenheimer Holdings also issued estimates for United Natural Foods’ Q1 2018 earnings at $0.61 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.72 EPS and FY2019 earnings at $2.85 EPS.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Friday. BMO Capital Markets reiterated a market perform rating and set a $40.00 price target (up from $38.00) on shares of United Natural Foods in a report on Thursday, September 14th. Buckingham Research lowered their price target on shares of United Natural Foods from $53.00 to $51.00 and set a buy rating for the company in a report on Thursday, September 14th. Bank of America Corporation reiterated an underperform rating and set a $36.00 price target (up from $35.00) on shares of United Natural Foods in a report on Thursday, September 14th. Finally, Wells Fargo & Company reiterated a hold rating and set a $38.00 price target on shares of United Natural Foods in a report on Thursday, September 14th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. United Natural Foods has an average rating of Hold and an average price target of $42.56.

Shares of United Natural Foods (UNFI) opened at 40.00 on Monday. The firm has a market capitalization of $2.02 billion, a PE ratio of 16.06 and a beta of 1.39. The stock’s 50 day moving average is $36.19 and its 200 day moving average is $39.10. 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 results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $0.70 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that United Natural Foods will post $2.69 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in UNFI. BlackRock Inc. grew its position in shares of United Natural Foods by 16,599.3% in the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after buying an additional 5,220,963 shares during the period. Kiltearn Partners LLP purchased a new stake in shares of United Natural Foods in the 2nd quarter worth about $74,701,000. FMR LLC grew its position in shares of United Natural Foods by 34.4% in the 1st quarter. FMR LLC now owns 7,588,290 shares of the company’s stock worth $328,042,000 after buying an additional 1,940,736 shares during the period. Dimensional Fund Advisors LP grew its position in shares of United Natural Foods by 30.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock worth $147,183,000 after buying an additional 939,946 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of United Natural Foods by 161.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock worth $55,386,000 after buying an additional 932,281 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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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