United Natural Foods, Inc. (NYSE:UNFI) Receives $27.50 Consensus Price Target from Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.50.

Several research firms have recently weighed in on UNFI. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a 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 for the company in a report on Wednesday, March 12th. Roth Mkm lifted their price target on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $26.67 on Wednesday. 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 simple moving average of $29.26 and a two-hundred day simple moving average of $24.96. United Natural Foods has a 1-year low of $8.58 and a 1-year high of $34.76. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -16.99 and a beta of 0.56.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that United Natural Foods will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors and hedge funds have recently made changes to their positions in UNFI. Quest Partners LLC bought a new position in shares of United Natural Foods in the 3rd quarter worth $157,000. Intech Investment Management LLC grew its holdings in United Natural Foods by 47.7% in the 3rd quarter. Intech Investment Management LLC now owns 31,591 shares of the company’s stock worth $531,000 after acquiring an additional 10,199 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in United Natural Foods during the 3rd quarter valued at about $239,000. BNP Paribas Financial Markets boosted its stake in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock valued at $1,820,000 after purchasing an additional 84,257 shares in the last quarter. Finally, Corsair Capital Management L.P. bought a new position in United Natural Foods in the third quarter worth $336,000. Hedge funds and other institutional investors 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.