United Natural Foods (NASDAQ:UNFI) received a $25.00 price objective from Morgan Stanley in a research report issued on Monday. The firm currently has a “sell” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 13.43% from the company’s current price.

UNFI has been the topic of a number of other research reports. Zacks Investment Research downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Bank of America reduced their target price on United Natural Foods from $33.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, September 21st. Loop Capital set a $61.00 target price on United Natural Foods and gave the company a “buy” rating in a research report on Friday, July 13th. BMO Capital Markets set a $28.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Friday, September 21st. Finally, BidaskClub downgraded United Natural Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.79.

NASDAQ UNFI traded down $0.94 on Monday, reaching $22.04. 920,085 shares of the company were exchanged, compared to its average volume of 1,313,597. The firm has a market capitalization of $1.11 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56. United Natural Foods has a fifty-two week low of $21.92 and a fifty-two week high of $52.69.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09). United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that United Natural Foods will post 3.38 EPS for the current year.

In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total transaction of $112,690.00. Following the sale, the director now owns 6,960 shares in the company, valued at approximately $205,320. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UNFI. JPMorgan Chase & Co. raised its stake in shares of United Natural Foods by 6.3% during the first quarter. JPMorgan Chase & Co. now owns 182,755 shares of the company’s stock worth $7,848,000 after acquiring an additional 10,777 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of United Natural Foods by 37.0% during the first quarter. California Public Employees Retirement System now owns 118,523 shares of the company’s stock worth $5,089,000 after acquiring an additional 31,981 shares in the last quarter. Sei Investments Co. raised its stake in shares of United Natural Foods by 22.5% during the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,769,000 after acquiring an additional 7,567 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of United Natural Foods by 1.8% during the first quarter. Principal Financial Group Inc. now owns 222,915 shares of the company’s stock worth $9,572,000 after acquiring an additional 4,009 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of United Natural Foods by 6.8% during the first quarter. Commonwealth Equity Services LLC now owns 24,989 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,602 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

About United Natural Foods

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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