United Natural Foods’ (UNFI) Hold Rating Reaffirmed at Jefferies Group LLC
United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They presently have a $39.00 target price on the stock, up from their previous target price of $38.00. Jefferies Group LLC’s price objective suggests a potential downside of 0.59% from the stock’s current price.
UNFI has been the topic of several other research reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 6th. Loop Capital reiterated a “buy” rating and issued a $44.00 price objective (down previously from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Barclays PLC reiterated a “sell” rating and issued a $37.00 price objective on shares of United Natural Foods in a report on Thursday, June 8th. Zacks Investment Research upgraded 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 United Natural Foods and gave the stock a “hold” rating in a report on Sunday, July 16th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.56.
United Natural Foods (UNFI) traded up 5.43% on Thursday, hitting $39.23. The stock had a trading volume of 5,102,994 shares. The company has a market cap of $1.99 billion, a PE ratio of 15.76 and a beta of 1.39. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $49.74. The company has a 50-day moving average of $36.04 and a 200 day moving average of $39.23.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. On average, analysts predict that United Natural Foods will post $2.68 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of UNFI. CS Mckee LP boosted its position in shares of United Natural Foods by 0.4% during the second quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after buying an additional 100 shares during the period. Liberty Mutual Group Asset Management Inc. lifted its position in United Natural Foods by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock worth $985,000 after purchasing an additional 107 shares during the period. Amalgamated Bank lifted its position in United Natural Foods by 2.8% in the second quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock worth $263,000 after purchasing an additional 196 shares during the period. Oregon Public Employees Retirement Fund lifted its position in United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after purchasing an additional 200 shares during the period. Finally, Advantus Capital Management Inc lifted its position in United Natural Foods by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock worth $280,000 after purchasing an additional 200 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.
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