United Natural Foods (NYSE:UNFI) PT Raised to $69.00

United Natural Foods (NYSE:UNFIGet Rating) had its price target hoisted by MKM Partners from $66.00 to $69.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. MKM Partners’ target price suggests a potential upside of 62.35% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $35.00 to $38.00 in a research note on Thursday, March 17th. Seaport Res Ptn restated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, March 10th. Zacks Investment Research lowered United Natural Foods from a “strong-buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft cut their price target on United Natural Foods from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, March 10th. Finally, CL King assumed coverage on United Natural Foods in a research note on Monday, March 21st. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and an average price target of $50.25.

UNFI stock traded down $0.97 during midday trading on Wednesday, reaching $42.50. The company’s stock had a trading volume of 3,676 shares, compared to its average volume of 578,568. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.55 and a current ratio of 1.49. The stock has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $43.45. United Natural Foods has a 1 year low of $30.61 and a 1 year high of $57.89. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.54 and a beta of 1.03.

United Natural Foods (NYSE:UNFIGet Rating) last released its earnings results on Tuesday, June 7th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, analysts forecast that United Natural Foods will post 4.22 EPS for the current fiscal year.

In other United Natural Foods news, CEO J Alexander Douglas, Jr. purchased 2,838 shares of the stock in a transaction on Friday, March 11th. The stock was acquired at an average price of $35.23 per share, with a total value of $99,982.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Richard Eric Esper sold 1,984 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of $42.59, for a total value of $84,498.56. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UNFI. First Trust Advisors LP boosted its holdings in United Natural Foods by 119.4% in the first quarter. First Trust Advisors LP now owns 200,940 shares of the company’s stock worth $2,656,000 after acquiring an additional 109,348 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in United Natural Foods by 170.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 13,800 shares of the company’s stock worth $182,000 after acquiring an additional 8,700 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in United Natural Foods in the third quarter worth about $1,283,000. Macquarie Group Ltd. boosted its holdings in United Natural Foods by 280.3% in the third quarter. Macquarie Group Ltd. now owns 905 shares of the company’s stock worth $44,000 after acquiring an additional 667 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in United Natural Foods in the third quarter worth about $1,578,000. 81.28% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Company Profile (Get Rating)

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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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