United Natural Foods, Inc. (UNFI) Stock Rating Reaffirmed by Citigroup Inc

United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc in a report issued on Saturday, April 22nd. They currently have a $49.00 price target on the stock, down from their previous price target of $54.00. Citigroup Inc’s price objective would indicate a potential upside of 21.95% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank AG set a $46.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, April 11th. Jefferies Group LLC reissued a “hold” rating and set a $44.00 target price on shares of United Natural Foods in a research note on Tuesday, April 11th. Zacks Investment Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. Royal Bank of Canada reissued a “positive” rating and set a $34.00 target price on shares of United Natural Foods in a research note on Tuesday, March 14th. Finally, Guggenheim reissued a “buy” rating and set a $52.00 target price on shares of United Natural Foods in a research note on Saturday, March 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. United Natural Foods has an average rating of “Hold” and an average target price of $43.15.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

United Natural Foods (NASDAQ:UNFI) traded up 0.75% during midday trading on Friday, reaching $40.18. The company had a trading volume of 464,389 shares. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.89 and a beta of 1.24. The firm has a 50-day moving average price of $41.61 and a 200-day moving average price of $44.68. United Natural Foods has a 52 week low of $33.97 and a 52 week high of $52.18.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Wednesday, March 8th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. United Natural Foods had a net margin of 1.44% and a return on equity of 8.48%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that United Natural Foods will post $2.54 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Tyers Asset Management LLC acquired a new stake in shares of United Natural Foods during the fourth quarter valued at $100,000. Flinton Capital Management LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock valued at $126,000 after buying an additional 252 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of United Natural Foods by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,235 shares of the company’s stock valued at $130,000 after buying an additional 173 shares during the last quarter. Advisor Group Inc. increased its stake in shares of United Natural Foods by 9.9% in the third quarter. Advisor Group Inc. now owns 3,527 shares of the company’s stock valued at $141,000 after buying an additional 318 shares during the last quarter. Finally, Neuburgh Advisers LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

12 Month Chart for NASDAQ:UNFI

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