United Natural Foods, Inc. (NASDAQ:UNFI) had its price target decreased by equities researchers at Buckingham Research from $53.00 to $51.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Buckingham Research’s price target suggests a potential upside of 37.06% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a report on Tuesday, June 6th. Loop Capital reaffirmed a “buy” rating and issued a $44.00 price target (down previously from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Barclays PLC reaffirmed a “sell” rating and issued a $37.00 price target on shares of United Natural Foods in a report on Thursday, June 8th. Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Finally, Royal Bank Of Canada set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Sunday, July 16th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average price target of $42.56.

Shares of United Natural Foods (UNFI) traded up 9.33% on Thursday, reaching $40.68. The company had a trading volume of 3,566,242 shares. The stock’s 50 day moving average is $36.04 and its 200 day moving average is $39.23. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $49.74. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.34 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that United Natural Foods will post $2.68 EPS for the current year.

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Several large investors have recently modified their holdings of UNFI. BlackRock Inc. increased its position in shares of United Natural Foods by 16,599.3% during the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after acquiring an additional 5,220,963 shares during the period. Kiltearn Partners LLP purchased a new position in shares of United Natural Foods during the second quarter worth approximately $74,701,000. FMR LLC increased its position in shares of United Natural Foods by 34.4% during the first quarter. FMR LLC now owns 7,588,290 shares of the company’s stock worth $328,042,000 after acquiring an additional 1,940,736 shares during the period. Dimensional Fund Advisors LP increased its position in shares of United Natural Foods by 30.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock worth $147,183,000 after acquiring an additional 939,946 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of United Natural Foods by 161.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock worth $55,386,000 after acquiring an additional 932,281 shares during the period.

United Natural Foods Company Profile

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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