Loop Capital Reiterates Buy Rating for United Natural Foods, Inc. (UNFI)
United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “buy” rating reaffirmed by investment analysts at Loop Capital in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other analysts have also recently commented on the stock. Pivotal Research restated a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of United Natural Foods in a research report on Friday, September 8th. Zacks Investment Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. BMO Capital Markets set a $38.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.57.
Shares of United Natural Foods (UNFI) opened at 37.21 on Thursday. The firm has a market cap of $1.88 billion, a PE ratio of 14.94 and a beta of 1.39. The company’s 50-day moving average price is $36.04 and its 200-day moving average price is $39.23. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data 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 business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that United Natural Foods will post $2.55 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of United Natural Foods by 16,599.3% in the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after acquiring an additional 5,220,963 shares in the last quarter. Jennison Associates LLC bought a new position in shares of United Natural Foods in the 2nd quarter valued at about $716,000. Adirondack Research & Management Inc. bought a new position in shares of United Natural Foods in the 2nd quarter valued at about $1,725,000. Peregrine Capital Management LLC grew its holdings in shares of United Natural Foods by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock valued at $5,302,000 after acquiring an additional 2,881 shares in the last quarter. Finally, GAM Holding AG bought a new position in shares of United Natural Foods in the 2nd quarter valued at about $1,156,000.
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.
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