United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “underperform” rating restated by investment analysts at Bank of America Corporation in a research note issued on Thursday. They currently have a $36.00 target price on the stock, up from their prior target price of $35.00. Bank of America Corporation’s price target would indicate a potential downside of 8.23% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 6th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Pivotal Research reaffirmed a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $34.00 price objective on shares of United Natural Foods in a research note on Wednesday, May 31st. Finally, BMO Capital Markets dropped their price objective on shares of United Natural Foods from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, June 9th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average price target of $42.56.

Shares of United Natural Foods (UNFI) traded up 5.43% during midday trading on Thursday, reaching $39.23. 5,102,994 shares of the company’s stock traded hands. The stock has a 50 day moving average of $36.04 and a 200-day moving average of $39.23. The stock has a market cap of $1.99 billion, a P/E 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.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. On average, equities research analysts forecast that United Natural Foods will post $2.68 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC raised its position in United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after acquiring an additional 252 shares during the period. Neuburgh Advisers LLC raised its position in United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after acquiring an additional 306 shares during the period. Sei Investments Co. raised its position in United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after acquiring an additional 1,162 shares during the period. LS Investment Advisors LLC raised its position in United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after acquiring an additional 711 shares during the period. Finally, Riverhead Capital Management LLC raised its position in United Natural Foods by 80.6% in the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after acquiring an additional 2,095 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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