United Natural Foods (NYSE:UNFI) Lowered to Neutral Rating by Northcoast Research

Northcoast Research cut shares of United Natural Foods (NYSE:UNFI - Free Report) from a buy rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

UNFI has been the topic of several other research reports. Wall Street Zen upgraded shares of United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group increased their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, UBS Group dropped their price target on shares of United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.43.

United Natural Foods Price Performance

Shares of NYSE:UNFI traded down $0.52 during trading on Thursday, reaching $21.61. The company had a trading volume of 2,466,158 shares, compared to its average volume of 722,232. The firm's fifty day moving average is $27.00 and its 200 day moving average is $27.74. The firm has a market capitalization of $1.31 billion, a PE ratio of -13.76 and a beta of 0.90. United Natural Foods has a twelve month low of $11.88 and a twelve month high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48.

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

Institutional Trading of United Natural Foods

A number of hedge funds have recently bought and sold shares of UNFI. Inspire Investing LLC bought a new position in shares of United Natural Foods during the 1st quarter worth about $353,000. Invst LLC bought a new position in shares of United Natural Foods during the 1st quarter worth about $1,470,000. Strs Ohio bought a new position in shares of United Natural Foods during the 1st quarter worth about $764,000. McAdam LLC bought a new position in shares of United Natural Foods during the 1st quarter worth about $281,000. Finally, Intech Investment Management LLC lifted its holdings in shares of United Natural Foods by 39.4% during the 1st 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.

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.