United Natural Foods (NASDAQ:UNFI) Price Target Cut to $50.00 by Analysts at BMO Capital Markets

United Natural Foods (NASDAQ:UNFI) had its price objective lowered by stock analysts at BMO Capital Markets from $57.00 to $50.00 in a research note issued to investors on Monday, March 12th. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 14.84% from the company’s previous close.

Several other brokerages have also recently weighed in on UNFI. TheStreet raised shares of United Natural Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. BidaskClub downgraded United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Loop Capital set a $56.00 price objective on United Natural Foods and gave the company a “buy” rating in a report on Friday, December 8th. Susquehanna Bancshares set a $49.00 price objective on United Natural Foods and gave the company a “hold” rating in a report on Thursday, December 7th. Finally, Oppenheimer reissued a “hold” rating on shares of United Natural Foods in a report on Tuesday, December 5th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.69.

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NASDAQ UNFI traded up $0.01 during trading hours on Monday, reaching $43.54. 439,572 shares of the company’s stock were exchanged, compared to its average volume of 666,374. United Natural Foods has a one year low of $29.53 and a one year high of $52.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.33. The stock has a market cap of $2,193.80, a price-to-earnings ratio of 16.94, a PEG ratio of 1.71 and a beta of 1.44.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, March 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.45 billion. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. United Natural Foods’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. analysts predict that United Natural Foods will post 3.09 EPS for the current year.

In related news, Director Peter Roy sold 3,990 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $43.95, for a total value of $175,360.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of UNFI. Old Mutual Global Investors UK Ltd. bought a new position in shares of United Natural Foods in the fourth quarter worth $112,000. C M Bidwell & Associates Ltd. bought a new position in shares of United Natural Foods in the fourth quarter worth $127,000. Strs Ohio increased its position in shares of United Natural Foods by 440.0% in the fourth quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $133,000 after purchasing an additional 2,200 shares during the period. We Are One Seven LLC bought a new position in shares of United Natural Foods in the fourth quarter worth $176,000. Finally, BSW Wealth Partners bought a new position in shares of United Natural Foods in the fourth quarter worth $200,000.

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About United Natural Foods

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.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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