United Natural Foods (NYSE:UNFI) Price Target Increased to $23.00 by Analysts at BMO Capital Markets

United Natural Foods (NYSE:UNFI) had its target price lifted by BMO Capital Markets from $14.00 to $23.00 in a research report sent to investors on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts have also issued research reports about the company. UBS Group lifted their price objective on United Natural Foods from $16.00 to $21.00 and gave the stock a neutral rating in a report on Wednesday. Roth Mkm lifted their target price on United Natural Foods from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday, June 6th. Finally, StockNews.com upgraded United Natural Foods from a sell rating to a hold rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $16.60.

United Natural Foods Trading Down 3.9 %

Shares of United Natural Foods stock opened at $21.10 on Wednesday. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $23.15. The firm has a market cap of $1.25 billion, a PE ratio of -8.76 and a beta of 0.64. The stock has a fifty day moving average price of $15.01 and a 200-day moving average price of $12.85. 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 (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the firm posted ($0.25) EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts anticipate that United Natural Foods will post 0.06 EPS for the current year.

Institutional Trading of United Natural Foods

A number of hedge funds have recently bought and sold shares of UNFI. Private Management Group Inc. lifted its position in United Natural Foods by 49.5% in the 2nd quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock worth $23,235,000 after buying an additional 587,163 shares during the last quarter. Vanguard Group Inc. increased its stake in United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after purchasing an additional 321,020 shares during the period. American Century Companies Inc. increased its stake in United Natural Foods by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after purchasing an additional 237,496 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in United Natural Foods in the 1st quarter worth approximately $2,317,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in United Natural Foods in the 1st quarter worth approximately $1,655,000. Institutional investors own 87.63% of the company’s stock.

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.