Shares of United Natural Foods Inc (NASDAQ:UNFI) have been given an average rating of “Hold” by the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.88.
UNFI has been the subject of a number of research analyst reports. Buckingham Research cut their price target on United Natural Foods from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 30th. Zacks Investment Research cut United Natural Foods from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. ValuEngine raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub raised United Natural Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Royal Bank of Canada set a $28.00 price target on United Natural Foods and gave the company a “hold” rating in a report on Tuesday, December 4th.
A number of large investors have recently made changes to their positions in the business. Cerebellum GP LLC raised its stake in shares of United Natural Foods by 2,211.4% during the 4th quarter. Cerebellum GP LLC now owns 3,236 shares of the company’s stock worth $34,000 after purchasing an additional 3,096 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of United Natural Foods by 100.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock worth $35,000 after purchasing an additional 1,700 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of United Natural Foods during the 4th quarter worth approximately $41,000. Tower Research Capital LLC TRC raised its stake in United Natural Foods by 211.4% in the 3rd 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. Finally, Bank of Montreal Can raised its stake in United Natural Foods by 20.4% in the 4th quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock valued at $70,000 after acquiring an additional 1,120 shares during the period. 98.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ UNFI opened at $13.22 on Friday. The firm has a market cap of $668.28 million, a price-to-earnings ratio of 4.25, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods has a 52-week low of $9.23 and a 52-week high of $47.73. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.21. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts predict that United Natural Foods will post 1.73 earnings per share for the current year.
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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