United Natural Foods, Inc. (NASDAQ:UNFI) – Research analysts at Jefferies Group decreased their Q1 2018 earnings estimates for United Natural Foods in a research note issued on Thursday. Jefferies Group analyst C. Mandeville now forecasts that the company will earn $0.58 per share for the quarter, down from their previous forecast of $0.61. Jefferies Group currently has a “Hold” rating and a $39.00 target price on the stock. Jefferies Group also issued estimates for United Natural Foods’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.78 EPS, FY2020 earnings at $3.00 EPS, FY2021 earnings at $3.12 EPS and FY2022 earnings at $3.25 EPS.

UNFI has been the subject of several other reports. 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, June 27th. Royal Bank Of Canada set a $34.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley reiterated an “underweight” rating and set a $33.00 target price (down from $36.00) on shares of United Natural Foods in a research note on Monday, June 19th. BidaskClub upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Pivotal Research reiterated a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research note on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and a consensus price target of $42.56.

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Shares of United Natural Foods (UNFI) opened at 39.74 on Friday. The company’s 50-day moving average is $36.13 and its 200 day moving average is $39.19. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The stock has a market cap of $2.01 billion, a P/E ratio of 15.96 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis.

A number of large investors have recently modified their holdings of the business. CS Mckee LP grew its holdings in United Natural Foods by 0.4% during the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after acquiring an additional 100 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of United Natural Foods by 0.5% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock valued at $985,000 after purchasing an additional 107 shares during the last quarter. Amalgamated Bank boosted its stake in shares of United Natural Foods by 2.8% in the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after purchasing an additional 196 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of United Natural Foods by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock valued at $761,000 after purchasing an additional 200 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of United Natural Foods by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock valued at $280,000 after purchasing an additional 200 shares during the last quarter.

About United Natural Foods

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.

Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

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