BMO Capital Markets Boosts United Natural Foods (NYSE:UNFI) Price Target to $48.00

United Natural Foods (NYSE:UNFI) had its target price upped by BMO Capital Markets from $36.00 to $48.00 in a report issued on Wednesday morning, MarketBeat reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on UNFI. The Goldman Sachs Group dropped their price target on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, June 12th. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the stock a “hold” rating in a research note on Thursday, June 12th. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $25.00 to $26.00 in a research report on Wednesday, July 16th. Finally, UBS Group lifted their target price on United Natural Foods from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

United Natural Foods Stock Performance

UNFI stock opened at $40.51 on Wednesday. The company has a market cap of $2.46 billion, a P/E ratio of -20.77 and a beta of 0.88. United Natural Foods has a 1 year low of $18.81 and a 1 year high of $41.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.32 and a quick ratio of 0.51. The stock’s fifty day moving average price is $29.05 and its 200-day moving average price is $26.96.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, September 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a positive return on equity of 2.74% and a negative net margin of 0.37%.The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, equities analysts forecast that United Natural Foods will post 0.76 earnings per share for the current year.

Insider Activity at United Natural Foods

In other news, insider Danielle Benedict sold 11,655 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total value of $411,538.05. Following the transaction, the insider directly owned 89,544 shares in the company, valued at $3,161,798.64. The trade was a 11.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On United Natural Foods

Several large investors have recently made changes to their positions in UNFI. Farther Finance Advisors LLC increased its holdings in shares of United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock worth $25,000 after purchasing an additional 505 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock worth $27,000 after purchasing an additional 920 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of United Natural Foods by 84.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after purchasing an additional 609 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of United Natural Foods in the second quarter worth about $66,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of United Natural Foods in the first quarter worth about $69,000. 87.63% of the stock is owned by institutional investors.

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.