United Natural Foods, Inc. (NYSE:UNFI) Receives $25.20 Average Target Price from Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $25.20.

Several equities analysts recently weighed in on UNFI shares. BMO Capital Markets raised their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. Wells Fargo & Company raised their price target on United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, January 10th. Finally, Roth Mkm upped their price objective on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $30.80 on Tuesday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -19.62 and a beta of 0.62. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The stock’s 50-day simple moving average is $27.75 and its 200-day simple moving average is $21.21. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $32.20.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts expect that United Natural Foods will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of United Natural Foods

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after buying an additional 372 shares during the period. GAMMA Investing LLC grew its position in United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after acquiring an additional 639 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock worth $65,000 after purchasing an additional 1,557 shares during the period. nVerses Capital LLC lifted its position in shares of United Natural Foods by 85.7% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of United Natural Foods by 200.2% during the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock valued at $87,000 after purchasing an additional 2,128 shares during the period. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.