United Natural Foods, Inc. (UNFI) PT Lowered to $51.00 at Buckingham Research

United Natural Foods, Inc. (NASDAQ:UNFI) had its price objective trimmed by Buckingham Research from $53.00 to $51.00 in a research note released on Thursday morning. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on UNFI. Jefferies Group LLC set a $44.00 target price on shares of United Natural Foods and gave the stock a hold rating in a report on Friday, May 26th. BMO Capital Markets set a $38.00 target price on shares of United Natural Foods and gave the stock a hold rating in a report on Tuesday, June 27th. Stephens started coverage on shares of United Natural Foods in a report on Friday, August 11th. They issued an equal weight rating and a $50.00 target price on the stock. Loop Capital restated a buy rating and issued a $50.00 target price (up from $44.00) on shares of United Natural Foods in a report on Thursday. Finally, Zacks Investment Research raised shares of United Natural Foods from a sell rating to a hold rating in a research note on Thursday, June 8th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $42.56.

Shares of United Natural Foods (UNFI) opened at 39.74 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.96 and a beta of 1.39. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74. The firm’s 50-day moving average is $36.13 and its 200 day moving average is $39.19.

United Natural Foods (NASDAQ:UNFI) last posted its 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 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 the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $0.70 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that United Natural Foods will post $2.69 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in UNFI. Flinton Capital Management LLC boosted its position in United Natural Foods by 9.5% in the 1st quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock valued at $126,000 after buying an additional 252 shares during the period. Sei Investments Co. boosted its position in United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after buying an additional 1,162 shares during the period. Neuburgh Advisers LLC boosted its position in United Natural Foods by 9.5% in the 1st quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the period. LS Investment Advisors LLC boosted its position in United Natural Foods by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after buying an additional 711 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in United Natural Foods by 80.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after buying an additional 2,095 shares during the period.

About United Natural Foods

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)

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