United Natural Foods, Inc. (UNFI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of United Natural Foods, Inc. (NASDAQ:UNFI) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

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.”

A number of other equities analysts also recently weighed in on UNFI. Jefferies Group LLC set a $44.00 price target on United Natural Foods and gave the stock a hold rating in a research report on Friday, May 26th. Royal Bank Of Canada reaffirmed a hold rating and set a $34.00 price target on shares of United Natural Foods in a research report on Wednesday, May 31st. ValuEngine downgraded United Natural Foods from a buy rating to a hold rating in a research report on Friday, June 2nd. Deutsche Bank AG reduced their price target on United Natural Foods from $46.00 to $43.00 and set a hold rating for the company in a research report on Wednesday, June 7th. Finally, Pivotal Research reaffirmed a sell rating on shares of United Natural Foods in a research report on Wednesday, June 7th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $42.56.

United Natural Foods (NASDAQ:UNFI) traded up 1.43% during mid-day trading on Friday, reaching $39.74. 2,316,247 shares of the company’s stock were exchanged. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74. The stock has a 50-day moving average price of $36.13 and a 200 day moving average price of $39.19. The company has a market cap of $2.01 billion, a PE ratio of 15.96 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Equities analysts predict that United Natural Foods will post $2.69 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “United Natural Foods, Inc. (UNFI) Upgraded to “Hold” at Zacks Investment Research” was reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://transcriptdaily.com/2017/09/16/united-natural-foods-inc-unfi-upgraded-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently made changes to their positions in the business. CS Mckee LP lifted its holdings in United Natural Foods by 0.4% during the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after purchasing an additional 100 shares during the last quarter. Liberty Mutual Group Asset Management Inc. lifted its holdings in United Natural Foods by 0.5% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock valued at $985,000 after purchasing an additional 107 shares during the last quarter. Amalgamated Bank lifted its holdings in United Natural Foods by 2.8% during the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after purchasing an additional 196 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in United Natural Foods by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock valued at $761,000 after purchasing an additional 200 shares during the last quarter. Finally, Advantus Capital Management Inc lifted its holdings in United Natural Foods by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock valued at $280,000 after purchasing an additional 200 shares during the last quarter.

United Natural Foods Company Profile

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)

Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply