United Natural Foods (NYSE:UNFI) Price Target Lowered to $26.00 at UBS Group

United Natural Foods (NYSE:UNFI - Get Free Report) had its target price decreased by equities research analysts at UBS Group from $30.00 to $26.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 20.87% from the company's previous close.

Several other analysts also recently weighed in on UNFI. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their target price on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.43.

United Natural Foods Price Performance

NYSE:UNFI traded down $0.62 during midday trading on Wednesday, hitting $21.51. The company had a trading volume of 1,134,209 shares, compared to its average volume of 716,521. The stock's fifty day moving average price is $27.00 and its 200-day moving average price is $27.74. United Natural Foods has a 52-week low of $11.88 and a 52-week high of $34.76. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1.30 billion, a PE ratio of -13.70 and a beta of 0.90.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts expect that United Natural Foods will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On United Natural Foods

Several hedge funds and other institutional investors have recently modified their holdings of UNFI. Inspire Investing LLC purchased a new position in United Natural Foods during the 1st quarter valued at about $353,000. Invst LLC purchased a new position in shares of United Natural Foods during the first quarter valued at approximately $1,470,000. Strs Ohio bought a new position in shares of United Natural Foods during the first quarter valued at approximately $764,000. McAdam LLC bought a new position in shares of United Natural Foods during the first quarter valued at approximately $281,000. Finally, Intech Investment Management LLC lifted its stake in United Natural Foods by 39.4% in the first quarter. Intech Investment Management LLC now owns 90,891 shares of the company's stock worth $2,490,000 after acquiring an additional 25,676 shares during the period. 87.63% of the stock is owned by 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.