United Natural Foods (UNFI) Downgraded by Barclays

Barclays downgraded shares of United Natural Foods (NASDAQ:UNFI) from an equal weight rating to an underweight rating in a report published on Tuesday, The Fly reports.

UNFI has been the topic of several other research reports. Buckingham Research lowered their target price on United Natural Foods from $26.00 to $24.00 and set a neutral rating on the stock in a research note on Friday, November 30th. TheStreet cut United Natural Foods from a c rating to a d+ rating in a research note on Tuesday, December 11th. Royal Bank of Canada set a $28.00 target price on United Natural Foods and gave the company a hold rating in a research note on Tuesday, December 4th. Morgan Stanley lowered their target price on United Natural Foods from $23.00 to $21.00 and set an underweight rating on the stock in a research note on Friday, December 7th. Finally, BidaskClub cut United Natural Foods from a sell rating to a strong sell rating in a research note on Saturday, December 1st. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. United Natural Foods currently has a consensus rating of Hold and a consensus target price of $21.75.

Shares of UNFI opened at $13.15 on Tuesday. The stock has a market capitalization of $719.02 million, a P/E ratio of 4.23, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods has a 1-year low of $9.23 and a 1-year high of $47.73. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59.



United Natural Foods (NASDAQ:UNFI) last released its earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.21. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, equities analysts forecast that United Natural Foods will post 1.73 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of United Natural Foods by 22.7% in the 4th quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock valued at $79,669,000 after buying an additional 1,393,591 shares in the last quarter. Kiltearn Partners LLP grew its stake in shares of United Natural Foods by 5.5% in the 4th quarter. Kiltearn Partners LLP now owns 4,725,904 shares of the company’s stock valued at $50,047,000 after buying an additional 247,146 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of United Natural Foods by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,673,478 shares of the company’s stock valued at $139,970,000 after buying an additional 28,394 shares in the last quarter. Vanguard Group Inc grew its stake in shares of United Natural Foods by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 4,673,478 shares of the company’s stock valued at $139,970,000 after buying an additional 28,394 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of United Natural Foods by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,203,347 shares of the company’s stock valued at $44,513,000 after buying an additional 18,551 shares in the last quarter. 98.17% of the stock is owned by institutional investors and hedge funds.

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.

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