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

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been assigned a consensus recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.60.

A number of research analysts have recently issued reports on the stock. StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. Roth Mkm lifted their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, UBS Group lifted their price objective on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th.

United Natural Foods Trading Up 1.1 %

NYSE:UNFI opened at $14.24 on Wednesday. United Natural Foods has a one year low of $8.58 and a one year high of $21.28. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. The firm has a market cap of $846.85 million, a P/E ratio of -5.91 and a beta of 0.68. The firm has a 50-day simple moving average of $12.67 and a 200-day simple moving average of $12.83.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that United Natural Foods will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On United Natural Foods

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after purchasing an additional 321,020 shares during the period. Private Management Group Inc. raised its position in United Natural Foods by 47.4% during the first quarter. Private Management Group Inc. now owns 1,186,507 shares of the company’s stock worth $13,633,000 after acquiring an additional 381,396 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock worth $12,102,000 after acquiring an additional 115,308 shares during the period. Federated Hermes Inc. raised its position in United Natural Foods by 2,136.5% during the fourth quarter. Federated Hermes Inc. now owns 657,320 shares of the company’s stock worth $10,668,000 after acquiring an additional 627,930 shares during the period. Finally, American Century Companies Inc. raised its position in United Natural Foods by 17.6% during the third quarter. American Century Companies Inc. now owns 556,590 shares of the company’s stock worth $7,870,000 after acquiring an additional 83,498 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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.