United Natural Foods Inc. (NASDAQ:UNFI)‘s stock had its “neutral” rating reiterated by equities research analysts at Northcoast Research in a report issued on Monday.

Several other research firms have also commented on UNFI. Barclays PLC reissued a “sell” rating and issued a $40.00 target price on shares of United Natural Foods in a report on Friday, September 23rd. RBC Capital Markets set a $34.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a report on Wednesday, September 14th. TheStreet lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Jefferies Group set a $45.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a report on Thursday, September 29th. Finally, Zacks Investment Research lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.48.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

United Natural Foods (NASDAQ:UNFI) opened at 46.96 on Monday. The stock’s 50 day moving average is $43.72 and its 200-day moving average is $43.81. United Natural Foods has a 12 month low of $29.75 and a 12 month high of $52.18. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.78 and a beta of 1.22.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Monday, September 12th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The firm had revenue of $2.21 billion for the quarter. During the same period in the prior year, the business earned $0.72 earnings per share. United Natural Foods’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that United Natural Foods will post $2.60 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of UNFI. Ameritas Investment Partners Inc. increased its position in shares of United Natural Foods by 66.1% in the third quarter. Ameritas Investment Partners Inc. now owns 19,642 shares of the company’s stock worth $786,000 after buying an additional 7,820 shares during the period. Verition Fund Management LLC purchased a new position in shares of United Natural Foods during the third quarter worth about $223,000. The Manufacturers Life Insurance Company purchased a new position in shares of United Natural Foods during the third quarter worth about $7,431,000. Perkins Investment Management LLC increased its position in shares of United Natural Foods by 49.6% in the third quarter. Perkins Investment Management LLC now owns 321,972 shares of the company’s stock worth $12,892,000 after buying an additional 106,695 shares during the period. Finally, Natixis Asset Management increased its position in shares of United Natural Foods by 26.7% in the third quarter. Natixis Asset Management now owns 21,853 shares of the company’s stock worth $875,000 after buying an additional 4,600 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

5 Day Chart for NASDAQ:UNFI

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