United Natural Foods (NYSE:UNFI) Upgraded at Zacks Research

Key Points

• Zacks Research has upgraded United Natural Foods (NYSE:UNFI) from a "hold" rating to a "strong-buy" rating, signaling increased investor confidence.
• Other analysts have mixed opinions, with price targets ranging from $24.00 to $29.00, indicating variability in expected stock performance.
• United Natural Foods has a market capitalization of $1.76 billion and a current stock price of $29.09, with a 52-week range between $15.23 and $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

UNFI has been the topic of a number of other reports. BMO Capital Markets lowered their target price on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. UBS Group lifted their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Northcoast Research raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Tuesday, July 22nd. The Goldman Sachs Group dropped their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Price Performance

NYSE:UNFI traded down $0.97 during trading hours on Monday, reaching $29.84. 2,441,348 shares of the company's stock were exchanged, compared to its average volume of 876,133. The business's 50-day simple moving average is $27.58 and its two-hundred day simple moving average is $26.45. United Natural Foods has a 12 month low of $15.46 and a 12 month high of $34.76. The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1.81 billion, a P/E ratio of -25.95 and a beta of 0.90.

Institutional Trading of United Natural Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company's stock worth $25,000 after purchasing an additional 505 shares during the period. Caitong International Asset Management Co. Ltd lifted 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 worth $27,000 after purchasing an additional 920 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of United Natural Foods by 84.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company's stock valued at $31,000 after buying an additional 609 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of United Natural Foods in the second quarter worth approximately $66,000. Finally, Picton Mahoney Asset Management acquired a new position in United Natural Foods during the first quarter worth $69,000. Hedge funds and other 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.