United Natural Foods, Inc. (NYSE:UNFI) Receives Consensus Recommendation of “Hold” from Analysts

by · The Markets Daily

Shares of United Natural Foods, Inc. (NYSE:UNFI – Get Free Report) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $52.00.

Several research analysts have weighed in on UNFI shares. Zacks Research cut United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. BTIG Research reaffirmed a “neutral” rating on shares of United Natural Foods in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on United Natural Foods from $46.00 to $53.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. BMO Capital Markets reissued an “outperform” rating and issued a $61.00 price target on shares of United Natural Foods in a report on Wednesday, September 9th. Finally, Weiss Ratings upgraded shares of United Natural Foods from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd.

Read Our Latest Stock Analysis on United Natural Foods

United Natural Foods Stock Performance

Shares of UNFI stock opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 0.49. The firm has a 50-day moving average of $46.63 and a 200-day moving average of $47.68. United Natural Foods has a one year low of $30.91 and a one year high of $57.02. The company has a market cap of $2.70 billion, a P/E ratio of 33.42 and a beta of 0.97.

United Natural Foods (NYSE:UNFI – Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.71 billion. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) earnings per share. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. Equities research analysts forecast that United Natural Foods will post 3.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in United Natural Foods during the 2nd quarter worth approximately $2,493,000. BlackRock Inc. bought a new position in shares of United Natural Foods in the second quarter worth approximately $477,650,000. Bank of New York Mellon Corp purchased a new position in shares of United Natural Foods in the second quarter worth $18,672,000. Intech Investment Management LLC raised its holdings in United Natural Foods by 312.3% during the 4th quarter. Intech Investment Management LLC now owns 159,123 shares of the company’s stock valued at $5,358,000 after buying an additional 120,525 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in United Natural Foods during the 1st quarter valued at $1,217,000. 87.63% of the stock is owned by institutional investors.

About United Natural Foods

(Get Free Report)

United Natural Foods, Inc (NYSE: UNFI) is a North American food and grocery wholesaler serving retailers, foodservice operators and other customers. The company distributes a broad selection of products, including natural, organic, specialty, fresh and conventional foods, as well as produce, general merchandise, health and wellness products, and personal care items.

UNFI supplies independent grocery stores, natural-product retailers, supermarkets, e-commerce businesses and other retail channels.

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