United Natural Foods (NYSE:UNFI) Given New $28.00 Price Target at The Goldman Sachs Group

United Natural Foods (NYSE:UNFI - Get Free Report) had its price target boosted by equities researchers at The Goldman Sachs Group from $25.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target would suggest a potential downside of 17.59% from the company's current price.

UNFI has been the topic of a number of other research reports. Wells Fargo & Company lifted their target price on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. Guggenheim reaffirmed a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. BMO Capital Markets boosted their price target on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 11th. Finally, Roth Mkm boosted their price target on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.40.

United Natural Foods Stock Down 1.1 %

Shares of United Natural Foods stock traded down $0.39 during trading on Thursday, reaching $33.98. The stock had a trading volume of 536,431 shares, compared to its average volume of 517,989. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average price of $28.62 and a two-hundred day moving average price of $22.01. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -21.64 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.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Sell-side analysts predict that United Natural Foods will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On United Natural Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of United Natural Foods by 1.5% in the third quarter. State Street Corp now owns 2,383,733 shares of the company's stock valued at $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of United Natural Foods in the third quarter valued at approximately $595,000. JPMorgan Chase & Co. boosted its stake in shares of United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock valued at $2,993,000 after buying an additional 96,341 shares during the period. Brighton Jones LLC bought a new stake in shares of United Natural Foods in the fourth quarter valued at approximately $656,000. Finally, Adero Partners LLC bought a new stake in shares of United Natural Foods in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Company Profile

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.