Brokerages Set United Natural Foods, Inc. (NYSE:UNFI) Target Price at $26.40

Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.40.

Several brokerages recently commented on UNFI. Wells Fargo & Company raised their target price on United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a research report on Friday, January 10th. Roth Mkm lifted their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. Finally, Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th.

United Natural Foods Stock Performance

UNFI stock traded up $0.09 during midday trading on Friday, hitting $31.69. The stock had a trading volume of 704,967 shares, compared to its average volume of 579,943. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -20.18 and a beta of 0.62. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $34.76. The stock has a 50-day simple moving average of $29.59 and a 200 day simple moving average of $23.35. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. 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 valued at $25,000 after buying an additional 372 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods in the fourth quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods in the fourth quarter valued at about $37,000. Aquatic Capital Management LLC acquired a new stake in United Natural Foods in the fourth quarter worth about $47,000. Finally, Sterling Capital Management LLC increased its position in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after purchasing an additional 1,672 shares during the period. 87.63% of the stock is owned by institutional investors.

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.