United Natural Foods (UNFI) PT Lowered to $21.00

United Natural Foods (NASDAQ:UNFI) had its target price cut by Morgan Stanley from $23.00 to $21.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 41.13% from the company’s current price.

Other research analysts have also issued reports about the company. BMO Capital Markets set a $28.00 target price on United Natural Foods and gave the stock a “hold” rating in a research report on Friday, September 21st. Loop Capital set a $50.00 target price on United Natural Foods and gave the stock a “buy” rating in a research report on Friday, September 21st. Buckingham Research lowered United Natural Foods from a “buy” rating to a “neutral” rating and cut their target price for the stock from $41.00 to $26.00 in a research report on Wednesday, October 24th. Royal Bank of Canada raised United Natural Foods from an “underperform” rating to a “sector perform” rating and cut their target price for the stock from $36.00 to $32.00 in a research report on Monday, September 24th. Finally, Wells Fargo & Co cut their target price on United Natural Foods from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Monday, October 22nd. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. United Natural Foods presently has an average rating of “Hold” and a consensus target price of $32.11.

Shares of UNFI opened at $14.88 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56. The firm has a market capitalization of $1.01 billion, a P/E ratio of 4.78, a PEG ratio of 0.80 and a beta of 1.62. United Natural Foods has a twelve month low of $14.45 and a twelve month high of $52.55.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, December 6th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.14). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.70 billion. United Natural Foods had a return on equity of 8.61% and a net margin of 1.09%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Equities research analysts expect that United Natural Foods will post 3.44 EPS for the current year.

In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the transaction, the director now directly owns 6,960 shares in the company, valued at $205,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Zions Bancorporation acquired a new position in United Natural Foods in the third quarter valued at approximately $117,000. Mainstay Capital Management LLC ADV boosted its stake in United Natural Foods by 4,166.2% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock valued at $142,000 after acquiring an additional 5,916 shares during the period. Tower Research Capital LLC TRC boosted its stake in United Natural Foods by 211.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,219 shares of the company’s stock valued at $156,000 after acquiring an additional 3,543 shares during the period. HPM Partners LLC acquired a new position in United Natural Foods in the second quarter valued at approximately $223,000. Finally, NumerixS Investment Technologies Inc acquired a new position in United Natural Foods in the second quarter valued at approximately $241,000. Institutional investors own 97.28% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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