Analysts Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $51.57

Shares of United Natural Foods, Inc. (NYSE:UNFI – Get Rating) have received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $52.57.

A number of research analysts have commented on UNFI shares. Deutsche Bank Aktiengesellschaft increased their target price on United Natural Foods from $46.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, June 29th. Wells Fargo & Company raised United Natural Foods from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $35.00 to $38.00 in a report on Thursday, March 17th. UBS Group reduced their target price on United Natural Foods from $64.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, March 10th. CL King started coverage on United Natural Foods in a report on Monday, March 21st. They set a “buy” rating on the stock. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of United Natural Foods in a report on Thursday, March 10th.

Shares of NYSE UNFI opened at $39.69 on Tuesday. United Natural Foods has a fifty-two week low of $30.61 and a fifty-two week high of $57.89. The business has a 50 day moving average price of $41.43 and a two-hundred day moving average price of $42.02. The company has a quick ratio of 0.55, a current ratio of 1.49 and a debt-to-equity ratio of 1.52. The firm has a market cap of $2.31 billion, a PE ratio of 10.61 and a beta of 1.03.

United Natural Foods (NYSE:UNFI – Get Rating) last released its earnings results on Tuesday, June 7th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter last year, the business posted $0.94 EPS. United Natural Foods’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts anticipate that United Natural Foods will post 4.22 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in United Natural Foods by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 7,135,789 shares of the company’s stock valued at $295,064,000 after acquiring an additional 567,961 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in United Natural Foods by 81.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 676,358 shares of the company’s stock valued at $27,967,000 after acquiring an additional 303,984 shares in the last quarter. Hennessy Advisors Inc. raised its stake in United Natural Foods by 241.7% during the 4th quarter. Hennessy Advisors Inc. now owns 378,600 shares of the company’s stock valued at $18,582,000 after acquiring an additional 267,800 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in United Natural Foods during the 4th quarter valued at $12,956,000. Finally, JCP Investment Management LLC bought a new stake in United Natural Foods during the 1st quarter valued at $10,089,000. 81.28% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Company Profile (Get Rating)

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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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