United Natural Foods (NYSE:UNFI) Upgraded at Zacks Research

Zacks Research upgraded shares of United Natural Foods (NYSE:UNFI) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on UNFI. The Goldman Sachs Group decreased their price target on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, June 12th. BMO Capital Markets decreased their price target on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, June 12th. UBS Group lifted their price target on United Natural Foods from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Wells Fargo & Company raised United Natural Foods from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.13.

United Natural Foods Trading Up 4.5%

Shares of NYSE UNFI opened at $30.40 on Monday. United Natural Foods has a twelve month low of $15.35 and a twelve month high of $34.76. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $26.44. The stock has a market capitalization of $1.84 billion, a PE ratio of -26.43 and a beta of 0.90.

Hedge Funds Weigh In On United Natural Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in United Natural Foods by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 44,607 shares of the company’s stock valued at $1,040,000 after acquiring an additional 492 shares during the period. State of Wyoming increased its position in United Natural Foods by 23.3% in the 2nd quarter. State of Wyoming now owns 11,974 shares of the company’s stock valued at $279,000 after acquiring an additional 2,264 shares during the period. Public Sector Pension Investment Board increased its position in United Natural Foods by 8.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 206,313 shares of the company’s stock valued at $4,809,000 after acquiring an additional 16,325 shares during the period. CANADA LIFE ASSURANCE Co increased its position in United Natural Foods by 5.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 58,545 shares of the company’s stock valued at $1,365,000 after acquiring an additional 2,845 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in United Natural Foods by 366.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,715 shares of the company’s stock valued at $157,000 after acquiring an additional 5,276 shares during the period. Institutional investors and hedge funds 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.