United Natural Foods (NYSE:UNFI) Price Target Lowered to $24.00 at Deutsche Bank Aktiengesellschaft

United Natural Foods (NYSE:UNFI - Free Report) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $33.00 to $24.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

UNFI has been the subject of several other research reports. The Goldman Sachs Group upped their price target on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Northcoast Research cut United Natural Foods from a "buy" rating to a "neutral" rating in a research report on Thursday. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. 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. Finally, UBS Group lowered their target price 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 investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.43.

United Natural Foods Stock Down 2.3%

Shares of United Natural Foods stock traded down $0.52 on Thursday, hitting $21.61. 2,466,158 shares of the company traded hands, compared to its average volume of 722,232. United Natural Foods has a 12-month low of $11.88 and a 12-month 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 cap of $1.31 billion, a PE ratio of -13.76 and a beta of 0.90. The company has a 50-day moving average price of $26.94 and a 200 day moving average price of $27.71.

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

Hedge Funds Weigh In On United Natural Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. bought a new stake in United Natural Foods in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position 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. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods in the fourth quarter valued at about $37,000. Aquatic Capital Management LLC acquired a new stake in United Natural Foods during the fourth quarter worth about $47,000. Finally, Sterling Capital Management LLC grew its position in United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after buying an additional 1,672 shares in the last quarter. Institutional investors own 87.63% of the company's stock.

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.