United Natural Foods, Inc. (UNFI) Earns “Sell” Rating from Pivotal Research
Pivotal Research reaffirmed their sell rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report issued on Tuesday morning. Pivotal Research currently has a $32.00 price objective on the stock.
“Wed., 9/13. We also expect some preliminary commentary on FY18 guidance. Notably, the Amazon buyout of Whole Foods was announced after UNFI’s 3Q results on 6/6. We think the potential for Whole Foods to source directly will be greatly enhanced under Amazon’s stewardship. For 4Q17, the impact of recently announced restructuring activities should be offset by the gain related to UNFI’s equity stake in Kicking Horse Coffee. Despite two consecutive restructurings announced by UNFI in FY17, core earnings are still to decline in 4Q. The FY18 guidance should better reflect organic revenue trends following the heavy wave of acquisition activity in FY16. We estimate organic revenue growth at UNFI is around 4% (below category growth of around 8%).”,” Pivotal Research’s analyst wrote.
Several other research analysts also recently issued reports on UNFI. Zacks Investment Research downgraded shares of United Natural Foods from a hold rating to a sell rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of United Natural Foods from a hold rating to a sell rating in a report on Friday, August 11th. Stephens assumed coverage on shares of United Natural Foods in a report on Friday, August 11th. They set an equal weight rating and a $50.00 price objective on the stock. BMO Capital Markets set a $38.00 price objective on shares of United Natural Foods and gave the stock a hold rating in a report on Tuesday, August 29th. Finally, Royal Bank Of Canada restated a sector perform rating and set a $34.00 price objective on shares of United Natural Foods in a report on Friday, September 8th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $42.56.
United Natural Foods (NASDAQ:UNFI) traded up 2.81% during trading on Tuesday, reaching $40.28. The company had a trading volume of 759,342 shares. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.74. The stock has a market cap of $2.04 billion, a P/E ratio of 16.18 and a beta of 1.39. The firm has a 50-day moving average price of $36.08 and a 200 day moving average price of $39.21.
United Natural Foods (NASDAQ:UNFI) last released its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.21%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that United Natural Foods will post $2.69 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in United Natural Foods by 2.4% during the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $553,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in United Natural Foods by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after buying an additional 200 shares during the last quarter. Wells Fargo & Company MN grew its stake in United Natural Foods by 4.7% during the first quarter. Wells Fargo & Company MN now owns 346,753 shares of the company’s stock worth $14,990,000 after buying an additional 15,595 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in United Natural Foods by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 30,495 shares of the company’s stock worth $1,317,000 after buying an additional 853 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in United Natural Foods by 42.6% during the first quarter. First Trust Advisors LP now owns 118,503 shares of the company’s stock worth $5,123,000 after buying an additional 35,427 shares during the last quarter.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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