Shares of United Natural Foods Inc. (NASDAQ:UNFI) saw an uptick in trading volume on Tuesday . 802,977 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 519,188 shares.The stock last traded at $48.97 and had previously closed at $50.06.

A number of brokerages have recently weighed in on UNFI. Zacks Investment Research upgraded shares of United Natural Foods from a “strong sell” rating to a “hold” rating in a report on Monday, May 2nd. Deutsche Bank AG restated a “hold” rating on shares of United Natural Foods in a report on Saturday, June 4th. Vetr lowered shares of United Natural Foods from a “buy” rating to a “hold” rating and set a $37.14 price objective for the company. in a report on Monday, May 30th. Morgan Stanley restated a “sell” rating on shares of United Natural Foods in a report on Monday, June 6th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 7th. 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 company. The stock presently has an average rating of “Hold” and a consensus price target of $46.10.

The stock has a 50-day moving average price of $48.56 and a 200 day moving average price of $40.47. The stock has a market cap of $2.38 billion and a P/E ratio of 18.65.

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, topping the consensus estimate of $0.66 by $0.10. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate 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 posted $0.83 earnings per share. On average, equities analysts expect that United Natural Foods Inc. will post $2.51 earnings per share for the current year.

Other hedge funds have added to or reduced their stakes in the company. Farr Miller & Washington LLC DC increased its stake in United Natural Foods by 94.1% in the fourth quarter. Farr Miller & Washington LLC DC now owns 414,163 shares of the company’s stock valued at $16,301,000 after buying an additional 200,836 shares during the period. River Road Asset Management LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $16,578,000. RS Investment Management Co. LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $47,173,000. Jennison Associates LLC raised its position in shares of 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 in the last quarter. Finally, Morgan Stanley raised its position in shares of 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 in the last quarter.

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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