United Natural Foods (NYSE:UNFI) Price Target Raised to $29.00

United Natural Foods (NYSE:UNFI) had its price objective lifted by UBS Group from $26.00 to $29.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

UNFI has been the subject of several other research reports. Northcoast Research cut shares of United Natural Foods from a “buy” rating to a “neutral” rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, June 12th. Wall Street Zen raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. BMO Capital Markets lowered their price objective on shares of United Natural Foods from $32.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, June 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

United Natural Foods Trading Down 0.4%

Shares of United Natural Foods stock opened at $27.26 on Thursday. The firm has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $27.13. The company has a market cap of $1.65 billion, a P/E ratio of -23.70 and a beta of 0.82. United Natural Foods has a fifty-two week low of $12.00 and a fifty-two week high of $34.76. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The company had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter in the prior year, the company earned $0.10 EPS. United Natural Foods’s revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that United Natural Foods will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of United Natural Foods

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $656,000. Proficio Capital Partners LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $277,000. Raymond James Financial Inc. purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $462,000. HighTower Advisors LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $2,867,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

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.