United Natural Foods Inc. Hits New 52-Week High at $69.35 (UNFI)
United Natural Foods (NASDAQ:UNFI) set a new 52-week high during mid-day trading on Friday, American Banking & Market News reports. The stock traded as high as $69.35 and last traded at $68.11, with a volume of 1,484,945 shares. The stock had previously closed at $59.97.
UNFI has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of United Natural Foods (NASDAQ:UNFI) from $63.00 to $68.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Monday, August 5th. They now have a $63.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. upgraded shares of United Natural Foods (NASDAQ:UNFI) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, June 19th. They now have a $64.00 price target on the stock, up previously from $57.00.
Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.67.
United Natural Foods has a 1-year low of $47.20 and a 1-year high of $62.95. The stock’s 50-day moving average is $60.30 and its 200-day moving average is $54.22. The company has a market cap of $3.335 billion and a P/E ratio of 29.40.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.51 earnings per share. United Natural Foods’s revenue was up 22.2% compared to the same quarter last year. Analysts expect that United Natural Foods will post $2.16 EPS for the current fiscal year.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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