United Natural Foods Inc. (NASDAQ:UNFI) rose 4.8% on Monday . The company traded as high as $52.18 and last traded at $51.26, with a volume of 698,697 shares traded. The stock had previously closed at $48.89.

UNFI has been the topic of a number of research reports. Wells Fargo & Co. initiated coverage on United Natural Foods in a research report on Friday, April 15th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, May 10th. Morgan Stanley lowered United Natural Foods from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research report on Monday, April 11th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of United Natural Foods in a research report on Friday, April 1st. Finally, Vetr lowered United Natural Foods from a “strong-buy” rating to a “buy” rating and set a $44.19 price target on the stock. in a research report on Monday, April 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.10.

The company has a market capitalization of $2.55 billion and a PE ratio of 19.98. The company has a 50 day moving average of $45.65 and a 200 day moving average of $38.78.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Monday, June 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The company earned $2.13 billion during the quarter, compared to analyst estimates of $2.16 billion. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. On average, analysts predict that United Natural Foods Inc. will post $2.51 EPS for the current year.

Other institutional investors have bought and sold shares of the company. Jennison Associates LLC raised its position in United Natural Foods by 259.1% in the fourth quarter. Jennison Associates LLC now owns 1,100,676 shares of the company’s stock worth $43,323,000 after buying an additional 794,164 shares during the last quarter. Pekin Singer Strauss Asset Management IL acquired a new position in United Natural Foods during the fourth quarter worth $12,134,000. Royce & Associates LLC raised its position in United Natural Foods by 42.4% in the fourth quarter. Royce & Associates LLC now owns 265,417 shares of the company’s stock worth $10,447,000 after buying an additional 79,000 shares during the last quarter. Principal Financial Group Inc. raised its position in United Natural Foods by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 160,108 shares of the company’s stock worth $6,302,000 after buying an additional 7,308 shares during the last quarter. Finally, Philadelphia Trust Co. acquired a new position in United Natural Foods during the fourth quarter worth $1,884,000.

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

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