United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $34.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential downside of 5.79% from the stock’s previous close.

A number of other equities research analysts have also commented on UNFI. BMO Capital Markets set a $38.00 price objective on United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research lowered United Natural Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Stephens assumed coverage on United Natural Foods in a research report on Friday, August 11th. They set an “equal weight” rating and a $50.00 price objective for the company. BidaskClub lowered United Natural Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC set a $44.00 price objective on United Natural Foods and gave the stock a “hold” rating in a research report on Friday, May 26th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. United Natural Foods presently has a consensus rating of “Hold” and an average price target of $41.57.

United Natural Foods (NASDAQ UNFI) opened at 36.09 on Friday. The stock’s 50 day moving average is $36.11 and its 200-day moving average is $39.45. The firm has a market cap of $1.83 billion, a P/E ratio of 14.49 and a beta of 1.39. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the company posted $0.76 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that United Natural Foods will post $2.55 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of UNFI. Tyers Asset Management LLC bought a new position in United Natural Foods in the 4th quarter worth approximately $100,000. Acrospire Investment Management LLC increased its position in United Natural Foods by 575.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $126,000 after buying an additional 2,300 shares during the period. Flinton Capital Management LLC increased its position in United Natural Foods by 9.5% in the 1st quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the period. Integrated Investment Consultants LLC increased its position in United Natural Foods by 11.6% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,077 shares of the company’s stock worth $130,000 after buying an additional 321 shares during the period. Finally, LS Investment Advisors LLC increased its position in United Natural Foods by 5.6% in the 3rd quarter. LS Investment Advisors LLC now owns 3,235 shares of the company’s stock worth $130,000 after buying an additional 173 shares during the period.

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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