United Natural Foods (NASDAQ:UNFI) had its price objective lowered by Bank of America from $33.00 to $30.00 in a research report report published on Friday morning. The brokerage currently has an underperform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of United Natural Foods from a buy rating to a hold rating in a research note on Thursday, August 2nd. Pivotal Research set a $33.00 price target on shares of United Natural Foods and gave the stock a sell rating in a report on Tuesday, June 5th. BidaskClub upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Wednesday, July 18th. Northcoast Research cut shares of United Natural Foods from a buy rating to a neutral rating in a report on Thursday, July 26th. Finally, Loop Capital set a $50.00 price target on shares of United Natural Foods and gave the stock a buy rating in a report on Friday. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $39.85.
Shares of UNFI opened at $31.84 on Friday. United Natural Foods has a twelve month low of $28.25 and a twelve month high of $52.69. The firm has a market capitalization of $1.56 billion, a PE ratio of 10.23, a PEG ratio of 1.11 and a beta of 1.38. The company has a current ratio of 2.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.
Several hedge funds and other institutional investors have recently bought and sold shares of UNFI. Principal Financial Group Inc. grew its holdings in United Natural Foods by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 222,915 shares of the company’s stock worth $9,572,000 after acquiring an additional 4,009 shares in the last quarter. Aperio Group LLC grew its holdings in United Natural Foods by 17.0% during the 2nd quarter. Aperio Group LLC now owns 103,500 shares of the company’s stock worth $4,415,000 after acquiring an additional 15,027 shares in the last quarter. Alambic Investment Management L.P. bought a new position in United Natural Foods during the 2nd quarter worth about $947,000. Strs Ohio grew its holdings in United Natural Foods by 785.2% during the 2nd quarter. Strs Ohio now owns 23,900 shares of the company’s stock worth $1,019,000 after acquiring an additional 21,200 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in United Natural Foods by 7.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 64,182 shares of the company’s stock worth $2,738,000 after acquiring an additional 4,319 shares in the last quarter.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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