United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reaffirmed by research analysts at Wells Fargo & Company in a report issued on Thursday. They presently have a $38.00 price objective on the stock. Wells Fargo & Company’s price objective points to a potential upside of 2.12% from the company’s previous close.

UNFI has been the subject of a number of other research reports. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Pivotal Research reissued a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a research report on Tuesday, June 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 target price on shares of United Natural Foods in a research report on Wednesday, May 31st. BMO Capital Markets decreased their target price on United Natural Foods from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, June 9th. Finally, Zacks Investment Research lowered United Natural Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.56.

Shares of United Natural Foods (NASDAQ UNFI) traded up 8.25% during mid-day trading on Thursday, hitting $40.28. 4,053,136 shares of the stock traded hands. The company has a market capitalization of $2.04 billion, a PE ratio of 16.18 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 1-year low of $29.53 and a 1-year high of $49.74.

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

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Large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of United Natural Foods by 16,599.3% during 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 during the period. Jennison Associates LLC bought a new position in shares of United Natural Foods during the 2nd quarter valued at approximately $716,000. Adirondack Research & Management Inc. bought a new position in shares of United Natural Foods during the 2nd quarter valued at approximately $1,725,000. Peregrine Capital Management LLC grew its stake in shares of United Natural Foods by 2.0% during 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 during the period. Finally, GAM Holding AG bought a new position in shares of United Natural Foods during the 2nd quarter valued at approximately $1,156,000.

About United Natural Foods

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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