United Natural Foods (NYSE:UNFI) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of United Natural Foods (NYSE:UNFI – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on UNFI. BMO Capital Markets reissued an “outperform” rating and issued a $61.00 target price on shares of United Natural Foods in a research note on Wednesday, September 9th. Zacks Research cut shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. BTIG Research reiterated a “neutral” rating on shares of United Natural Foods in a report on Wednesday, September 9th. Roth Capital reissued a “neutral” rating and issued a $45.00 price objective (up from $43.00) on shares of United Natural Foods in a research report on Thursday, September 10th. Finally, UBS Group upped their price objective on shares of United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and a consensus target price of $50.29.

Get Our Latest Analysis on UNFI

United Natural Foods Price Performance

UNFI stock opened at $46.34 on Friday. The stock’s 50 day moving average price is $47.29 and its 200 day moving average price is $47.33. The firm has a market cap of $2.80 billion, a P/E ratio of 34.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 1.29. United Natural Foods has a 1 year low of $28.71 and a 1 year high of $57.02.

United Natural Foods (NYSE:UNFI – Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. United Natural Foods had a return on equity of 10.51% and a net margin of 0.27%.The company had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter last year, the business posted ($0.11) earnings per share. United Natural Foods’s revenue was down .7% compared to the same quarter last year. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. On average, sell-side analysts expect that United Natural Foods will post 3.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors have recently bought and sold shares of UNFI. BlackRock Inc. purchased a new position in United Natural Foods during the second quarter worth approximately $477,650,000. SG Americas Securities LLC increased its holdings in shares of United Natural Foods by 155.1% during the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock worth $78,047,000 after buying an additional 1,053,081 shares during the last quarter. Wellington Management Group LLP raised its position in shares of United Natural Foods by 85.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,542,662 shares of the company’s stock worth $70,453,000 after buying an additional 711,913 shares during the period. JCP Investment Management LLC raised its position in shares of United Natural Foods by 6.7% in the 1st quarter. JCP Investment Management LLC now owns 494,371 shares of the company’s stock worth $22,276,000 after buying an additional 31,071 shares during the period. Finally, Empowered Funds LLC boosted its holdings in United Natural Foods by 25.0% in the first quarter. Empowered Funds LLC now owns 433,634 shares of the company’s stock valued at $19,540,000 after acquiring an additional 86,605 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

(Get Free Report)

United Natural Foods, Inc (NYSE: UNFI) is a distributor of natural, organic, specialty, fresh and conventional food products in the United States and Canada. The company supplies grocery retailers, independent stores, supermarkets, e-commerce businesses, foodservice operators and other customers with a broad range of products.

UNFI’s offerings include produce, perishables, center-store groceries, refrigerated and frozen foods, beverages, supplements, personal-care products and household items.

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