United Natural Foods (UNFI) Rating Increased to Hold at BidaskClub

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United Natural Foods (NASDAQ:UNFI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Other analysts have also issued reports about the stock. Buckingham Research lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $41.00 to $26.00 in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group assumed coverage on shares of United Natural Foods in a research report on Tuesday, October 30th. They issued a “sell” rating for the company. Finally, Pivotal Research reissued a “sell” rating and issued a $18.00 price target (down from $21.00) on shares of United Natural Foods in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. United Natural Foods has a consensus rating of “Hold” and an average price target of $26.58.

NASDAQ UNFI opened at $15.04 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $764.75 million, a PE ratio of 4.84, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods has a 52-week low of $9.23 and a 52-week high of $49.40.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.14). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.70 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. United Natural Foods’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Sell-side analysts predict that United Natural Foods will post 1.73 EPS for the current fiscal year.

In related news, SVP Sean Griffin purchased 18,000 shares of the stock in a transaction on Wednesday, December 12th. The shares were bought at an average price of $12.84 per share, for a total transaction of $231,120.00. Following the completion of the acquisition, the senior vice president now directly owns 44,108 shares in the company, valued at approximately $566,346.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in UNFI. Cerebellum GP LLC grew its holdings in United Natural Foods by 2,211.4% during the fourth quarter. Cerebellum GP LLC now owns 3,236 shares of the company’s stock valued at $34,000 after purchasing an additional 3,096 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in United Natural Foods by 100.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock valued at $35,000 after purchasing an additional 1,700 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in United Natural Foods by 1,992.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 414,313 shares of the company’s stock valued at $39,000 after purchasing an additional 394,515 shares during the last quarter. We Are One Seven LLC acquired a new position in United Natural Foods during the fourth quarter valued at approximately $41,000. Finally, Bank of Montreal Can grew its holdings in United Natural Foods by 20.4% during the fourth quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock valued at $70,000 after purchasing an additional 1,120 shares during the last quarter. Institutional investors own 98.17% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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