United Natural Foods Rating Lowered to Peer Perform at Wolfe Research (UNFI)
In other United Natural Foods news, Insider Thomas A. Dziki sold 1,396 shares of United Natural Foods stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $61.98, for a total value of $86,524.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on UNFI. Analysts at Oppenheimer initiated coverage on shares of United Natural Foods in a research note on Tuesday, July 15th. They set an “outperform” rating and a $75.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of United Natural Foods in a research note on Wednesday, June 25th. They set an “overweight” rating and a $80.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Natural Foods in a research note on Monday, June 16th. They now have a $74.00 price target on the stock, down previously from $89.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $74.36.
Shares of United Natural Foods (NASDAQ:UNFI) traded down 1.24% on Tuesday, hitting $60.66. The stock had a trading volume of 1,124,645 shares. United Natural Foods has a 1-year low of $57.55 and a 1-year high of $79.64. The stock has a 50-day moving average of $64.57 and a 200-day moving average of $68.31. The company has a market cap of $3.012 billion and a P/E ratio of 24.57.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.64 earnings per share. United Natural Foods’s revenue was up 13.8% compared to the same quarter last year. Analysts expect that United Natural Foods will post $2.50 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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