A number of research firms have changed their ratings and price targets for United Natural Foods (NASDAQ: UNFI):

  • 9/12/2017 – United Natural Foods had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $32.00 price target on the stock. They wrote, “Wed., 9/13. We also expect some preliminary commentary on FY18 guidance. Notably, the Amazon buyout of Whole Foods was announced after UNFI’s 3Q results on 6/6. We think the potential for Whole Foods to source directly will be greatly enhanced under Amazon’s stewardship. For 4Q17, the impact of recently announced restructuring activities should be offset by the gain related to UNFI’s equity stake in Kicking Horse Coffee. Despite two consecutive restructurings announced by UNFI in FY17, core earnings are still to decline in 4Q. The FY18 guidance should better reflect organic revenue trends following the heavy wave of acquisition activity in FY16. We estimate organic revenue growth at UNFI is around 4% (below category growth of around 8%).””
  • 9/8/2017 – United Natural Foods had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $34.00 price target on the stock.
  • 9/4/2017 – United Natural Foods was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of United Natural have underperformed the industry over the past one year. We note that sales of the company have lagged estimates for the last 10 quarters in a row. The company has been struggling with ongoing industry challenges including increased competition and an aggressive promotional environment. Traditional grocery companies are facing competition from rival companies, which are strengthening their franchises and are offering alternative outlets for food and other staples. As a result of such headwinds the company has slashed its fiscal 2017 sales guidance. Also, United Natural’s excessive dependency on its sole customer Whole Foods Market poses as a formidable risk. Nevertheless the company is observed to be benefiting from its strategic acquisitions and plans to continue acquiring prospective businesses. Ahead of its quarterly results, estimates for the fourth quarter and for fiscal 2017 have remained stable.”
  • 8/29/2017 – United Natural Foods was given a new $38.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/29/2017 – United Natural Foods was given a new $34.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 8/21/2017 – United Natural Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Though shares of United Natural have underperformed the industry in the last three months, its initiatives to boost overall growth remain encouraging. Being the leading distributor of natural, organic and specialty food products, the company also undertakes various acquisitions to grow its distribution network and customer base. Evidently, management completed the integration of Haddon House and Gourmet Guru in third-quarter fiscal 2017. Also, it has been working toward improving its operational efficiencies. However, the company has been struggling with ongoing industry challenges including increased competition. Moreover the grocery business is grappling with food deflation for some time now. An oversupply in some types of food, particularly meat has also dragged prices lower and forced grocery stores into more aggressive promotions. Nonetheless, estimates have remained stable ahead of the company’s fiscal fourth-quarter results.”
  • 8/11/2017 – United Natural Foods is now covered by analysts at Stephens. They set an “equal weight” rating and a $50.00 price target on the stock.
  • 8/11/2017 – United Natural Foods was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – United Natural Foods was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of United Natural have underperformed the Zacks categorized industry since the past one year. We note that the company has been struggling with ongoing industry challenges including increased competition. Moreover the grocery/supermarket business is grappling with food deflation for some time now. An oversupply in some types of food, particularly meat, poultry and dairy has dragged prices lower and forced grocery stores into more aggressive promotions. Such headwinds have been pulling down the company’s gross margins over the last few quarters. The company has also slashed its fiscal 2017 view in the last two consecutive quarters. Nevertheless, United Natural is observed to be benefiting from its strategic acquisition and plans to continue acquiring prospective businesses, to expand its growth opportunities. Ahead of its quarterly results, estimates for the fourth quarter and for fiscal 2017 have remained stable.”
  • 7/16/2017 – United Natural Foods was given a new $34.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at 37.21 on Thursday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 14.94 and a beta of 1.39. The firm’s 50-day moving average is $36.04 and its 200 day moving average is $39.23. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $49.74.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Monday, September 11th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that United Natural Foods, Inc. will post $2.55 EPS for the current fiscal year.

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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