United Natural Foods, Inc. (NASDAQ:UNFI) has received an average rating of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $40.85.

UNFI has been the topic of several analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $49.00 target price (down previously from $54.00) on shares of United Natural Foods in a research note on Saturday, April 22nd. Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. Loop Capital initiated coverage on United Natural Foods in a research note on Monday, May 15th. They set a “buy” rating and a $48.00 price target on the stock. Jefferies Group LLC set a $44.00 price target on United Natural Foods and gave the stock a “hold” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $34.00 price target on shares of United Natural Foods in a research note on Wednesday, May 31st.

Shares of United Natural Foods (NASDAQ UNFI) opened at 35.81 on Friday. The stock has a 50 day moving average of $36.66 and a 200-day moving average of $40.57. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74. The stock has a market capitalization of $1.81 billion, a P/E ratio of 14.38 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts predict that United Natural Foods will post $2.55 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its position in United Natural Foods by 6.5% in the first quarter. Capstone Asset Management Co. now owns 8,849 shares of the company’s stock valued at $383,000 after buying an additional 540 shares in the last quarter. Louisiana State Employees Retirement System increased its position in United Natural Foods by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $553,000 after buying an additional 300 shares in the last quarter. Legato Capital Management LLC increased its position in United Natural Foods by 4,223.0% in the first quarter. Legato Capital Management LLC now owns 36,573 shares of the company’s stock valued at $846,000 after buying an additional 35,727 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new position in United Natural Foods during the first quarter valued at approximately $242,000. Finally, Dalton Greiner Hartman Maher & Co. increased its position in United Natural Foods by 18.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 317,320 shares of the company’s stock valued at $13,718,000 after buying an additional 49,311 shares in the last quarter.

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About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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