United Natural Foods, Inc. (NYSE:UNFI) Receives Average Recommendation of "Hold" from Brokerages

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) has received a consensus rating of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.43.

A number of equities analysts recently issued reports on UNFI shares. 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. 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, June 11th. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Northcoast Research lowered United Natural Foods from a "buy" rating to a "neutral" rating in a research report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th.

Institutional Investors Weigh In On United Natural Foods

Several hedge funds have recently added to or reduced their stakes in UNFI. CWM LLC raised its position in shares of United Natural Foods by 19.5% in the 1st quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after purchasing an additional 526 shares during the last quarter. Federated Hermes Inc. raised its holdings in United Natural Foods by 1.0% in the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock worth $1,809,000 after buying an additional 653 shares during the last quarter. Covestor Ltd lifted its stake in shares of United Natural Foods by 36.4% in the fourth quarter. Covestor Ltd now owns 3,066 shares of the company's stock worth $84,000 after buying an additional 819 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $27,000 after buying an additional 920 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $27,000. 87.63% of the stock is owned by institutional investors.

United Natural Foods Trading Up 0.5%

UNFI opened at $23.15 on Friday. United Natural Foods has a one year low of $11.88 and a one year high of $34.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The business has a 50 day simple moving average of $26.20 and a two-hundred day simple moving average of $27.32. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -20.13 and a beta of 0.82.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Analysts predict that United Natural Foods will post 0.76 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.