BidaskClub upgraded shares of United Natural Foods (NASDAQ:UNFI) from a sell rating to a hold rating in a report released on Wednesday, BidAskClub reports.

A number of other research analysts also recently issued reports on the company. Barclays downgraded United Natural Foods from an equal weight rating to an underweight rating in a research note on Tuesday, March 12th. Pivotal Research downgraded United Natural Foods from a hold rating to a sell rating and dropped their price objective for the company from $14.00 to $8.00 in a research note on Thursday, March 7th. Loop Capital dropped their price objective on United Natural Foods to $30.00 and set a buy rating on the stock in a research note on Wednesday, March 6th. BMO Capital Markets set a $10.00 price objective on United Natural Foods and gave the company a hold rating in a research note on Friday, June 7th. Finally, Zacks Investment Research downgraded United Natural Foods from a buy rating to a hold rating in a research note on Thursday, May 9th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $18.98.

Shares of NASDAQ:UNFI opened at $10.27 on Wednesday. The stock has a market capitalization of $541.27 million, a PE ratio of 3.30, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59. United Natural Foods has a 1 year low of $9.23 and a 1 year high of $44.94.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.21 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. The firm’s revenue was up 125.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. On average, equities research analysts forecast that United Natural Foods will post 1.73 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. raised its stake in United Natural Foods by 7.1% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,959 shares of the company’s stock worth $171,000 after buying an additional 858 shares during the period. Arizona State Retirement System raised its stake in United Natural Foods by 1.2% during the 1st quarter. Arizona State Retirement System now owns 79,157 shares of the company’s stock worth $1,046,000 after buying an additional 904 shares during the period. Commonwealth Equity Services LLC raised its stake in United Natural Foods by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,338 shares of the company’s stock worth $342,000 after buying an additional 1,050 shares during the period. Cascade Investment Advisors Inc. raised its stake in United Natural Foods by 5.0% during the 1st quarter. Cascade Investment Advisors Inc. now owns 22,790 shares of the company’s stock worth $301,000 after buying an additional 1,075 shares during the period. Finally, Bank of Montreal Can raised its stake in United Natural Foods by 20.4% during the 4th quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock worth $70,000 after buying an additional 1,120 shares during the period. 98.17% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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