United Natural Foods, Inc. (NYSE:UNFI) Given Average Rating of "Hold" by Brokerages

Key Points

• United Natural Foods, Inc. has received an average rating of "Hold" from nine rating firms, with seven ratings for hold and two for buy. The average twelve-month price target among analysts is $28.1250.
• Institutional investors and hedge funds own 87.63% of United Natural Foods' stock, indicating strong institutional support.
• The company currently has a market capitalization of $1.76 billion and its shares opened at $29.09, with a notable range of $15.23 to $34.76 over the past twelve months.

Shares of United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) have been given an average recommendation of "Hold" by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.1250.

UNFI has been the topic of several recent analyst reports. Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Tuesday, July 22nd. The Goldman Sachs Group dropped their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. BMO Capital Markets dropped their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday, June 12th. Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $25.00 to $26.00 in a report on Wednesday, July 16th. Finally, UBS Group raised their price objective on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th.

Institutional Investors Weigh In On United Natural Foods

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of United Natural Foods by 7.0% during the second quarter. American Century Companies Inc. now owns 2,603,588 shares of the company's stock worth $60,690,000 after buying an additional 169,640 shares during the period. Invesco Ltd. boosted its stake in shares of United Natural Foods by 20.7% during the second quarter. Invesco Ltd. now owns 2,544,315 shares of the company's stock worth $59,308,000 after buying an additional 436,680 shares during the period. Geode Capital Management LLC boosted its stake in shares of United Natural Foods by 2.0% during the second quarter. Geode Capital Management LLC now owns 1,424,195 shares of the company's stock worth $33,203,000 after buying an additional 27,943 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of United Natural Foods by 196.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 925,927 shares of the company's stock worth $21,583,000 after buying an additional 613,790 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of United Natural Foods by 4.5% during the second quarter. Prudential Financial Inc. now owns 902,416 shares of the company's stock worth $21,035,000 after buying an additional 39,142 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI opened at $29.09 on Wednesday. The firm has a market capitalization of $1.76 billion, a PE ratio of -25.30 and a beta of 0.90. The business's fifty day moving average price is $27.17 and its 200 day moving average price is $26.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. United Natural Foods has a 12 month low of $15.23 and a 12 month high of $34.76.

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.

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