United Natural Foods (NASDAQ: UNFI) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods in a research note to investors on Friday, March 1st. They now have a $53.00 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of United Natural Foods from $58.00 to $51.00 in a research note to investors on Wednesday, February 27th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a research note to investors on Wednesday, February 27th. They now have a $70.00 price target on the stock.

Eight investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, seven have given a hold rating, and one has issued a sell rating to the company’s stock. The company has a consensus rating of “overweight” and an average target price of $57.86.

Shares of United Natural Foods traded down 1.75% during mid-day trading on Thursday, hitting $48.71. United Natural Foods has a one year low of $44.67 and a one year high of $61.26. The stock’s 50-day moving average is currently $52.87. The company has a market cap of $2.401 billion and a P/E ratio of 24.94.

United Natural Foods last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. United Natural Foods has set its FY13 guidance at $2.15-2.21 EPS. On average, analysts predict that United Natural Foods will post $2.18 earnings per share for the current fiscal year.

United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.

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