Several analysts have recently updated their ratings and price targets for United Natural Foods (NASDAQ: UNFI):

  • 10/10/2017 – United Natural Foods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Shares of United Natural have outpaced the industry in the past three months, primarily backed by its growth initiatives. In the recently reported fourth-quarter fiscal 2017, the company’s earnings benefited from the sale of its stake holdings in Kicking Horse coffee. This indicates that the company has been making solid progress with its rationalizing efforts. Additionally, acquisition-related benefits have been aiding the United Natural’s top-line growth for a while now. Evidently, in the reported quarter, its top line depicted a year-on-year gain of 5.7% owing to Gourmet Guru and Haddon House acquisitions. Also, the company has been gaining from increased consumer preference for natural and organic brands, in spite of the ongoing industry challenges. We also note that United Natural has a murky sales surprise history as the company’s top line has lagged estimates for 11 straight quarters now.”
  • 10/5/2017 – United Natural Foods was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 9/28/2017 – United Natural Foods had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $32.00 price target on the stock.
  • 9/25/2017 – United Natural Foods was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. They wrote, “strengthened” its balance sheet and offered investors “solid” guidance for the full-year in its fourth-quarter earnings report. The firm’s David Coleman upgrades United Natural Foods’ stock from Hold to Buy with a $49 price target.United Natural Foods guided its full year fiscal 2018 revenue to be higher by 3.8 to 5.8 percent, or $9.63 to $9.81 billion, the analyst highlighted in his upgrade note. The earnings report also demonstrated management’s commitment to improving its balance sheet while not shying away from accretive M&A deals.Throughout fiscal 2017 the company oversaw four acquisitions and even more deals are “expected”
  • 9/20/2017 – United Natural Foods had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $36.00 price target on the stock, up previously from $34.00.
  • 9/18/2017 – United Natural Foods had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/15/2017 – United Natural Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “United Natural’s recently reported fourth-quarter fiscal 2017 earnings benefited from the sale of its stake holdings in Kicking Horse coffee. This indicates that the company has been making solid progress with its rationalizing efforts. Additionally, acquisition related benefits have been aiding the company’s top line for a while now. During the fourth quarter, the company’s top line depicted a year-on-year gain of 5.7% owing to Gourmet Guru and Haddon House acquisitions. Nevertheless, we note that the company has been grappling with ongoing industry challenges, including competitive pricing and moderate inflation. As a result, shares of United Natural have underperformed the Consumer Staples sector in the past six months. We also note that sales of the company have lagged estimates for the last 11 quarters. Moreover, United Natural’s excessive dependency on its sole customer Whole Foods Market poses as a formidable risk.”
  • 9/14/2017 – United Natural Foods had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $50.00 price target on the stock, up previously from $44.00.
  • 9/14/2017 – United Natural Foods had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $39.00 price target on the stock, up previously from $38.00.
  • 9/14/2017 – United Natural Foods had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $38.00 price target on the stock.
  • 9/14/2017 – United Natural Foods had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $36.00 price target on the stock, up previously from $35.00.
  • 9/14/2017 – United Natural Foods had its price target lowered by analysts at Buckingham Research from $53.00 to $51.00. They now have a “buy” rating on the stock.
  • 9/14/2017 – United Natural Foods had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $40.00 price target on the stock, up previously from $38.00.
  • 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.”

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) traded down 0.32% on Wednesday, hitting $40.08. The company’s stock had a trading volume of 691,614 shares. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $49.74. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 15.66 and a beta of 1.43. The stock’s 50 day moving average is $38.48 and its 200-day moving average is $38.93.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company posted $0.70 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that United Natural Foods, Inc. will post $2.72 earnings per share for the current year.

In other United Natural Foods news, CFO Michael Paul Zechmeister sold 11,500 shares of United Natural Foods stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.06, for a total transaction of $506,690.00. Following the transaction, the chief financial officer now directly owns 1,997 shares in the company, valued at approximately $87,987.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph J. Traficanti sold 5,800 shares of United Natural Foods stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.25, for a total transaction of $250,850.00. Following the transaction, the senior vice president now owns 10,113 shares in the company, valued at $437,387.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,431 shares of company stock worth $2,494,702. Corporate insiders own 1.30% of the company’s stock.

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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