BMO Capital Markets Has Lowered Expectations for United Natural Foods (NYSE:UNFI) Stock Price

United Natural Foods (NYSE:UNFI - Free Report) had its target price reduced by BMO Capital Markets from $32.00 to $25.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other analysts have also recently issued reports about the company. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft reduced their target price on United Natural Foods from $33.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday. The Goldman Sachs Group upped their target price on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. UBS Group reduced their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.43.

United Natural Foods Price Performance

United Natural Foods stock traded down $0.52 during midday trading on Thursday, reaching $21.61. The company's stock had a trading volume of 2,466,158 shares, compared to its average volume of 722,232. United Natural Foods has a 52 week low of $11.88 and a 52 week high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $26.94 and a 200-day moving average price of $27.71. The stock has a market cap of $1.31 billion, a PE ratio of -13.76 and a beta of 0.90.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.78 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, sell-side analysts predict that United Natural Foods will post 0.76 EPS for the current year.

Hedge Funds Weigh In On United Natural Foods

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of United Natural Foods by 19.5% during the first quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after purchasing an additional 526 shares during the period. Federated Hermes Inc. raised its position in shares of United Natural Foods by 1.0% during the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock worth $1,809,000 after purchasing an additional 653 shares during the period. Covestor Ltd raised its position in shares of United Natural Foods by 36.4% during the fourth quarter. Covestor Ltd now owns 3,066 shares of the company's stock worth $84,000 after purchasing an additional 819 shares during the period. Yousif Capital Management LLC raised its position in shares of United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock worth $873,000 after purchasing an additional 834 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of United Natural Foods by 1,672.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after purchasing an additional 920 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

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.