United Natural Foods Inc. (UNFI) Receives New Coverage from Analysts at Barclays PLC
Other analysts have also recently issued research reports about the company. TheStreet upgraded United Natural Foods from a hold rating to a buy rating in a report on Friday, July 22nd. Zacks Investment Research upgraded United Natural Foods from a hold rating to a buy rating and set a $50.00 target price on the stock in a report on Wednesday, June 8th. Standpoint Research cut United Natural Foods from a buy rating to a hold rating in a report on Tuesday, June 7th. Vetr cut United Natural Foods from a buy rating to a hold rating and set a $37.14 target price on the stock. in a report on Monday, May 30th. Finally, Deutsche Bank AG reiterated a hold rating on shares of United Natural Foods in a report on Saturday, June 4th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $44.82.
United Natural Foods (NASDAQ:UNFI) opened at 39.68 on Thursday. The firm has a market cap of $2.00 billion, a P/E ratio of 15.87 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. The stock has a 50 day moving average price of $45.21 and a 200-day moving average price of $42.00.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Monday, September 12th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The company 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%. United Natural Foods’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. Analysts predict that United Natural Foods will post $2.61 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of UNFI. Norges Bank bought a new position in United Natural Foods during the fourth quarter valued at $17,442,000. Aperio Group LLC raised its position in United Natural Foods by 14.5% in the first quarter. Aperio Group LLC now owns 21,398 shares of the company’s stock valued at $862,000 after buying an additional 2,713 shares during the period. Pacad Investment Ltd. bought a new position in United Natural Foods during the first quarter valued at $1,179,000. Ngam Advisors L.P. bought a new position in United Natural Foods during the first quarter valued at $648,000. Finally, TIAA CREF Investment Management LLC raised its position in United Natural Foods by 58.4% in the first quarter. TIAA CREF Investment Management LLC now owns 311,876 shares of the company’s stock valued at $12,569,000 after buying an additional 114,983 shares during the period. 97.91% 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.
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