United Natural Foods (NYSE:UNFI) PT Raised to $21.00

United Natural Foods (NYSE:UNFI) had its price objective hoisted by stock analysts at UBS Group from $16.00 to $21.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 2.01% from the stock’s previous close.

Several other equities research analysts have also commented on UNFI. StockNews.com upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. Roth Mkm upped their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.00.

United Natural Foods Trading Down 2.4 %

Shares of UNFI traded down $0.53 during trading hours on Wednesday, reaching $21.43. 383,511 shares of the company traded hands, compared to its average volume of 685,287. The stock’s fifty day moving average price is $14.88 and its 200 day moving average price is $12.79. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -8.95 and a beta of 0.64. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $23.15.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that United Natural Foods will post 0.06 earnings per share for the current year.

Hedge Funds Weigh In On United Natural Foods

Several institutional investors and hedge funds have recently bought and sold shares of UNFI. Vanguard Group Inc. raised its position in shares of United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after purchasing an additional 321,020 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock worth $23,235,000 after buying an additional 587,163 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of United Natural Foods by 23.1% during the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after buying an additional 237,496 shares during the period. Bragg Financial Advisors Inc grew its holdings in shares of United Natural Foods by 0.8% during the fourth quarter. Bragg Financial Advisors Inc now owns 407,728 shares of the company’s stock valued at $6,617,000 after buying an additional 3,391 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of United Natural Foods by 4.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company’s stock valued at $4,494,000 after acquiring an additional 13,165 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

About United Natural Foods

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.