Shares of United Natural Foods Inc (NYSE:UNFI) have been assigned an average recommendation of "Hold" from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.17.
Several equities research analysts have commented on UNFI shares. ValuEngine lowered United Natural Foods from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Barclays upped their price objective on United Natural Foods from $12.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 11th. BTIG Research assumed coverage on United Natural Foods in a research report on Thursday, July 16th. They set a "neutral" rating on the stock. TheStreet upgraded United Natural Foods from a "d+" rating to a "c-" rating in a report on Wednesday, June 10th. Finally, MKM Partners assumed coverage on United Natural Foods in a report on Wednesday, July 29th. They issued a "buy" rating and a $26.00 price objective on the stock.
Several large investors have recently modified their holdings of UNFI. US Bancorp DE grew its holdings in United Natural Foods by 35.3% during the second quarter. US Bancorp DE now owns 1,885 shares of the company's stock worth $34,000 after acquiring an additional 492 shares during the period. Ameritas Investment Partners Inc. grew its holdings in United Natural Foods by 14.8% during the second quarter. Ameritas Investment Partners Inc. now owns 4,650 shares of the company's stock worth $85,000 after acquiring an additional 600 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in United Natural Foods by 4.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,480 shares of the company's stock worth $391,000 after acquiring an additional 1,000 shares during the period. American International Group Inc. grew its holdings in United Natural Foods by 3.2% during the second quarter. American International Group Inc. now owns 37,831 shares of the company's stock worth $689,000 after acquiring an additional 1,156 shares during the period. Finally, California Public Employees Retirement System grew its holdings in United Natural Foods by 1.1% during the second quarter. California Public Employees Retirement System now owns 119,500 shares of the company's stock worth $2,176,000 after acquiring an additional 1,277 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:UNFI opened at $17.08 on Wednesday. United Natural Foods has a twelve month low of $5.00 and a twelve month high of $23.38. The company's 50 day moving average is $19.20 and its 200 day moving average is $15.34. The company has a current ratio of 1.50, a quick ratio of 0.69 and a debt-to-equity ratio of 2.30. The company has a market cap of $915.80 million, a PE ratio of -2.93 and a beta of 1.43.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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Top Ten Brokerages You Can Trust
There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.
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