United Natural Foods (NASDAQ:UNFI) has been assigned a $23.00 price target by investment analysts at Morgan Stanley in a research report issued to clients and investors on Sunday. The firm presently has a “sell” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 4.36% from the company’s current price.

UNFI has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective (down previously from $36.00) on shares of United Natural Foods in a research report on Friday, September 21st. They noted that the move was a valuation call. Loop Capital set a $55.00 price objective on United Natural Foods and gave the company a “buy” rating in a research report on Friday, July 27th. Bank of America cut their price objective on United Natural Foods from $33.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, September 21st. Zacks Investment Research downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Pivotal Research reiterated a “sell” rating and set a $21.00 price objective on shares of United Natural Foods in a research report on Friday, September 21st. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.67.

UNFI opened at $22.04 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. United Natural Foods has a 1-year low of $21.92 and a 1-year high of $52.69.

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

In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the sale, the director now directly owns 6,960 shares of the company’s stock, 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 insiders.

Large investors have recently made changes to their positions in the business. Argus Investors Counsel Inc. acquired a new stake in United Natural Foods during the 2nd quarter valued at $207,000. Campbell & CO Investment Adviser LLC acquired a new stake in United Natural Foods during the 2nd quarter valued at $209,000. HPM Partners LLC acquired a new stake in United Natural Foods during the 2nd quarter valued at $223,000. NumerixS Investment Technologies Inc acquired a new stake in United Natural Foods during the 2nd quarter valued at $241,000. Finally, Fox Run Management L.L.C. acquired a new stake in United Natural Foods during the 2nd quarter valued at $255,000. 98.22% of the stock is currently owned by institutional investors.

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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