United Natural Foods (NYSE:UNFI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.
A number of other analysts have also weighed in on the company. The Goldman Sachs Group upped their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company boosted their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.50.
Check Out Our Latest Stock Analysis on United Natural Foods
United Natural Foods Trading Up 1.6 %
Shares of UNFI stock traded up $0.40 on Tuesday, hitting $24.63. The stock had a trading volume of 698,951 shares, compared to its average volume of 707,550. The company's 50 day moving average price is $27.85 and its 200-day moving average price is $25.91. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a market capitalization of $1.49 billion, a P/E ratio of -15.69 and a beta of 1.08.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Analysts anticipate that United Natural Foods will post 0.76 earnings per share for the current year.
Institutional Trading of United Natural Foods
Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after acquiring an additional 372 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of United Natural Foods by 3.5% during the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after purchasing an additional 521 shares during the last quarter. GAMMA Investing LLC increased its position in shares of United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares in the last quarter. Covestor Ltd lifted its holdings in shares of United Natural Foods by 36.4% in the 4th quarter. Covestor Ltd now owns 3,066 shares of the company's stock valued at $84,000 after purchasing an additional 819 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of United Natural Foods by 2.7% in the 4th quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock valued at $873,000 after purchasing an additional 834 shares during the period. Hedge funds and other institutional investors own 87.63% of the company's stock.
About United Natural Foods
(
Get Free Report)
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.
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