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Analysts at Stephens initiated coverage on shares of United Natural Foods (NASDAQ:UNFI) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $76.00 price target on the stock. Stephens’ target price would indicate a potential upside of 18.73% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wolfe Research downgraded shares of United Natural Foods from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 22nd. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $74.27.

United Natural Foods (NASDAQ:UNFI) opened at 64.01 on Tuesday. United Natural Foods has a one year low of $58.04 and a one year high of $79.64. The stock has a 50-day moving average of $61.87 and a 200-day moving average of $66.74. The company has a market cap of $3.178 billion and a P/E ratio of 25.60.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. 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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