United Natural Foods (NYSE:UNFI) Upgraded by Wells Fargo & Company to "Equal Weight" Rating

Wells Fargo & Company upgraded shares of United Natural Foods (NYSE:UNFI - Free Report) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have $26.00 price objective on the stock, up from their previous price objective of $25.00.

A number of other research analysts have also commented on the company. The Goldman Sachs Group cut their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. 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 note 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 for the company in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.00.

United Natural Foods Stock Performance

Shares of NYSE UNFI traded up $1.10 during trading hours on Wednesday, reaching $27.36. The stock had a trading volume of 1,899,895 shares, compared to its average volume of 800,119. The business's fifty day moving average is $25.69 and its two-hundred day moving average is $27.13. 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 company has a market cap of $1.66 billion, a price-to-earnings ratio of -23.79 and a beta of 0.82. United Natural Foods has a twelve month low of $12.00 and a twelve month high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued 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. 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 3.13% and a negative net margin of 0.21%. United Natural Foods's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, research analysts expect that United Natural Foods will post 0.76 EPS for the current year.

Hedge Funds Weigh In On United Natural Foods

Several hedge funds have recently added to or reduced their stakes in UNFI. Brighton Jones LLC bought a new position in United Natural Foods in the fourth quarter valued at about $656,000. Proficio Capital Partners LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $277,000. Raymond James Financial Inc. acquired a new position in United Natural Foods in the fourth quarter valued at about $462,000. HighTower Advisors LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $2,867,000. Finally, Enhancing Capital LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $347,000. Institutional investors own 87.63% of the company's stock.

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.