United Natural Foods Inc. (NASDAQ:UNFI) shares traded down 3.9% on Wednesday . The company traded as low as $46.16 and last traded at $46.30, with a volume of 357,641 shares trading hands. The stock had previously closed at $48.19.

A number of research firms recently commented on UNFI. Piper Jaffray Cos. reissued a “neutral” rating and issued a $40.00 price target (down from $45.00) on shares of United Natural Foods in a report on Tuesday. Zacks Investment Research cut United Natural Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. TheStreet raised United Natural Foods from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Standpoint Research cut United Natural Foods from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Finally, Morgan Stanley reissued a “sell” rating on shares of United Natural Foods in a report on Monday, June 6th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.10.

The stock has a market capitalization of $2.33 billion and a price-to-earnings ratio of 18.24. The firm has a 50 day moving average of $48.56 and a 200 day moving average of $40.47.

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

Several institutional investors have recently added to or reduced their stakes in UNFI. Mutual of America Capital Management LLC increased its position in United Natural Foods by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 33,961 shares of the company’s stock valued at $1,337,000 after buying an additional 570 shares during the period. Morgan Stanley increased its position in United Natural Foods by 175.0% in the fourth quarter. Morgan Stanley now owns 343,923 shares of the company’s stock valued at $13,538,000 after buying an additional 218,859 shares during the period. Jennison Associates LLC increased 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 valued at $43,323,000 after buying an additional 794,164 shares during the period. RS Investment Management Co. LLC purchased a new position in United Natural Foods during the fourth quarter valued at $47,173,000. Finally, River Road Asset Management LLC purchased a new position in United Natural Foods during the fourth quarter valued at $16,578,000.

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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