United Natural Foods (UNFI) Rating Increased to Hold at ValuEngine

United Natural Foods (NASDAQ:UNFI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently weighed in on the stock. Stephens set a $51.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research report on Wednesday, January 17th. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Barclays raised shares of United Natural Foods from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $32.00 to $43.00 in a research report on Tuesday, January 16th. BMO Capital Markets set a $57.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $38.00 target price on shares of United Natural Foods in a research report on Friday, March 9th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.69.

NASDAQ:UNFI opened at $47.58 on Wednesday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.33 and a quick ratio of 0.90. United Natural Foods has a fifty-two week low of $46.21 and a fifty-two week high of $46.66.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Thursday, March 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.45 billion. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. sell-side analysts expect that United Natural Foods will post 3.1 EPS for the current year.

In related news, Director Peter Roy sold 3,990 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $43.95, for a total value of $175,360.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Steven Spinner sold 7,500 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $45.23, for a total value of $339,225.00. Following the completion of the transaction, the chief executive officer now owns 100,633 shares in the company, valued at $4,551,630.59. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UNFI. Old Mutual Global Investors UK Ltd. bought a new position in shares of United Natural Foods in the 4th quarter worth $112,000. C M Bidwell & Associates Ltd. bought a new position in shares of United Natural Foods in the 4th quarter worth $127,000. Strs Ohio lifted its holdings in shares of United Natural Foods by 440.0% in the 4th quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $133,000 after purchasing an additional 2,200 shares in the last quarter. We Are One Seven LLC bought a new position in shares of United Natural Foods in the 4th quarter worth $176,000. Finally, BSW Wealth Partners bought a new position in shares of United Natural Foods in the 4th quarter worth $200,000.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit