United Natural Foods, Inc. (UNFI) Stock Rating Reaffirmed by Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of United Natural Foods, Inc. (NASDAQ:UNFI) in a report issued on Wednesday morning. They currently have a $36.00 target price on the stock, up from their previous target price of $34.00.

Several other brokerages have also commented on UNFI. Jefferies Group LLC set a $44.00 price objective on shares of United Natural Foods and gave the stock a hold rating in a report on Friday, May 26th. BMO Capital Markets restated a market perform rating and issued a $40.00 price objective (up from $38.00) on shares of United Natural Foods in a report on Thursday, September 14th. Stephens started coverage on shares of United Natural Foods in a report on Friday, August 11th. They issued an equal weight rating and a $50.00 price objective on the stock. Loop Capital restated a buy rating and issued a $50.00 price objective (up from $44.00) on shares of United Natural Foods in a report on Thursday, September 14th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $42.69.

Shares of United Natural Foods (NASDAQ UNFI) opened at 43.03 on Wednesday. The stock’s 50 day moving average is $36.25 and its 200 day moving average is $39.08. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The company has a market cap of $2.18 billion, a P/E ratio of 16.81 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $2.71 earnings per share for the current year.

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Several large investors have recently made changes to their positions in UNFI. Sei Investments Co. increased its position in shares of United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of United Natural Foods by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after purchasing an additional 711 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of United Natural Foods by 80.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after purchasing an additional 2,095 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of United Natural Foods by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of United Natural Foods in the 2nd quarter valued at approximately $201,000.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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