United Natural Foods Inc. (NASDAQ:UNFI) saw unusually-strong trading volume on Wednesday . Approximately 1,085,559 shares were traded during trading, an increase of 83% from the previous session’s volume of 592,457 shares.The stock last traded at $45.60 and had previously closed at $46.97.

A number of analysts have commented on UNFI shares. Vetr downgraded United Natural Foods from a “strong-buy” rating to a “buy” rating and set a $37.14 target price on the stock. in a research report on Monday, May 23rd. Zacks Investment Research downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Jefferies Group reiterated a “hold” rating and set a $42.00 target price (up from $34.00) on shares of United Natural Foods in a research report on Tuesday, June 7th. Morgan Stanley reiterated a “sell” rating on shares of United Natural Foods in a research report on Monday, June 6th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $40.00 target price (up from $33.00) on shares of United Natural Foods in a research report on Tuesday, June 7th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.81.

The company has a market capitalization of $2.30 billion and a price-to-earnings ratio of 18.02. The stock’s 50 day moving average price is $48.50 and its 200-day moving average price is $41.43.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Monday, June 6th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the business earned $0.83 earnings per share. United Natural Foods’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts expect that United Natural Foods Inc. will post $2.51 EPS for the current year.

A hedge fund recently raised its stake in United Natural Foods stock. Morgan Stanley increased its stake in shares of United Natural Foods Inc. (NASDAQ:UNFI) by 175.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,923 shares of the company’s stock after buying an additional 218,859 shares during the period. Morgan Stanley owned 0.68% of United Natural Foods worth $13,538,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.