United Natural Foods Inc. (NASDAQ:UNFI) had its price objective raised by Royal Bank Of Canada from $33.00 to $34.00 in a report issued on Wednesday morning. The firm currently has a sector perform rating on the stock.

Several other research firms also recently commented on UNFI. TheStreet upgraded United Natural Foods from a hold rating to a buy rating in a report on Friday, July 22nd. Zacks Investment Research downgraded United Natural Foods from a buy rating to a hold rating in a report on Tuesday, August 9th. Piper Jaffray Cos. reiterated a neutral rating and issued a $40.00 price objective (down previously from $45.00) on shares of United Natural Foods in a report on Tuesday, August 16th. BMO Capital Markets set a $45.00 price objective on United Natural Foods and gave the stock a hold rating in a report on Tuesday, September 13th. Finally, Morgan Stanley set a $36.00 price objective on United Natural Foods and gave the stock a sell rating in a report on Tuesday, September 13th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $44.48.

United Natural Foods (NASDAQ:UNFI) opened at 39.31 on Wednesday. The firm has a 50-day moving average price of $46.08 and a 200 day moving average price of $42.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 15.72 and a beta of 1.03. United Natural Foods has a one year low of $29.75 and a one year high of $55.69.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Monday, September 12th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The firm had revenue of $2.21 billion for the quarter. United Natural Foods had a return on equity of 8.85% and a net margin of 1.48%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. Equities analysts expect that United Natural Foods will post $2.62 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of UNFI. State Street Corp boosted its stake in shares of United Natural Foods by 2.0% in the first quarter. State Street Corp now owns 1,596,560 shares of the company’s stock worth $64,341,000 after buying an additional 31,763 shares in the last quarter. BlackRock Inc. boosted its stake in shares of United Natural Foods by 13.1% in the first quarter. BlackRock Inc. now owns 20,967 shares of the company’s stock worth $845,000 after buying an additional 2,424 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of United Natural Foods by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,472,710 shares of the company’s stock worth $59,350,000 after buying an additional 37,205 shares in the last quarter. Impax Asset Management AIFM Ltd boosted its stake in shares of United Natural Foods by 9.3% in the first quarter. Impax Asset Management AIFM Ltd now owns 308,319 shares of the company’s stock worth $12,425,000 after buying an additional 26,200 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of United Natural Foods during the first quarter worth approximately $3,992,000. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

About United Natural Foods

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.

5 Day Chart for NASDAQ:UNFI

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