Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $13.60

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) has received an average recommendation of "Reduce" from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.60.

Several equities research analysts have weighed in on UNFI shares. UBS Group increased their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, June 6th. Roth Mkm lifted their price target on United Natural Foods from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, June 6th. Finally, StockNews.com raised United Natural Foods from a "sell" rating to a "hold" rating in a report on Thursday, June 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in United Natural Foods by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company's stock worth $86,000 after acquiring an additional 716 shares in the last quarter. Keynote Financial Services LLC increased its stake in shares of United Natural Foods by 6.6% during the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company's stock worth $229,000 after purchasing an additional 1,091 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of United Natural Foods by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company's stock worth $488,000 after purchasing an additional 1,303 shares during the last quarter. Spire Wealth Management lifted its stake in United Natural Foods by 68.2% in the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company's stock valued at $37,000 after buying an additional 1,310 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in United Natural Foods by 1.4% in the 2nd quarter. Diversified Trust Co now owns 94,859 shares of the company's stock worth $1,243,000 after buying an additional 1,322 shares during the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

United Natural Foods stock traded down $0.57 during trading hours on Thursday, hitting $15.79. 464,908 shares of the stock traded hands, compared to its average volume of 655,587. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $19.93. The stock has a market capitalization of $939.03 million, a price-to-earnings ratio of -6.71 and a beta of 0.68. The firm's 50 day moving average price is $13.70 and its 200-day moving average price is $12.53.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that United Natural Foods will post 0.06 EPS for the current fiscal year.

About United Natural Foods

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.