United Natural Foods, Inc. (NASDAQ:UNFI) had its target price decreased by Buckingham Research from $53.00 to $51.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Buckingham Research’s price target points to a potential upside of 28.33% from the company’s previous close.

A number of other research firms have also recently commented on UNFI. Jefferies Group LLC set a $44.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, May 26th. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, June 27th. Stephens started coverage on shares of United Natural Foods in a report on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price target on the stock. Loop Capital reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of United Natural Foods in a report on Thursday. Finally, Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Five investment 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. The stock currently has an average rating of “Hold” and an average price target of $42.56.

United Natural Foods (NASDAQ UNFI) traded up 1.43% during trading on Thursday, hitting $39.74. The stock had a trading volume of 2,316,247 shares. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The firm has a 50 day moving average price of $36.13 and a 200-day moving average price of $39.19. The firm has a market capitalization of $2.01 billion, a PE ratio of 15.96 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. United Natural Foods’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, equities research analysts expect that United Natural Foods will post $2.69 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of United Natural Foods by 16,599.3% during the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after purchasing an additional 5,220,963 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of United Natural Foods during the 2nd quarter valued at $716,000. Peregrine Capital Management LLC grew its position in shares of United Natural Foods by 2.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock valued at $5,302,000 after purchasing an additional 2,881 shares in the last quarter. GAM Holding AG purchased a new position in shares of United Natural Foods during the 2nd quarter valued at $1,156,000. Finally, Adirondack Research & Management Inc. purchased a new position in shares of United Natural Foods during the 2nd quarter valued at $1,725,000.

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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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