United Natural Foods (NYSE:UNFI) Rating Increased to Sell at ValuEngine

United Natural Foods (NYSE:UNFI) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Wednesday, ValuEngine reports.

Several other research firms have also issued reports on UNFI. Pivotal Research reiterated a “sell” rating and set a $6.00 target price (down from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th. BidaskClub upgraded shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Wells Fargo & Co lowered their target price on shares of United Natural Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Wednesday. Loop Capital lowered their target price on shares of United Natural Foods to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Finally, BMO Capital Markets lowered shares of United Natural Foods from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $10.00 to $5.00 in a report on Friday, August 2nd. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.06.

Shares of UNFI stock traded down $0.40 during trading hours on Wednesday, hitting $7.45. 2,270,385 shares of the company’s stock traded hands, compared to its average volume of 1,295,025. The stock’s fifty day simple moving average is $9.74 and its two-hundred day simple moving average is $10.65. United Natural Foods has a 12-month low of $6.75 and a 12-month high of $30.09. The stock has a market cap of $392.65 million, a price-to-earnings ratio of 3.58, a PEG ratio of 0.79 and a beta of 2.18. The company has a quick ratio of 0.68, a current ratio of 1.73 and a debt-to-equity ratio of 2.00.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, October 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.08). United Natural Foods had a negative net margin of 1.33% and a positive return on equity of 6.49%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. United Natural Foods’s revenue for the quarter was up 147.2% on a year-over-year basis. On average, equities analysts forecast that United Natural Foods will post 1.7 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in United Natural Foods by 247.3% during the 2nd quarter. Bank of America Corp DE now owns 2,383,841 shares of the company’s stock valued at $21,383,000 after buying an additional 1,697,419 shares during the last quarter. Invesco Ltd. raised its stake in United Natural Foods by 162.6% during the 2nd quarter. Invesco Ltd. now owns 1,238,590 shares of the company’s stock valued at $11,110,000 after buying an additional 766,843 shares during the last quarter. Renaissance Technologies LLC raised its stake in United Natural Foods by 4,283.3% during the 2nd quarter. Renaissance Technologies LLC now owns 574,212 shares of the company’s stock valued at $5,151,000 after buying an additional 561,112 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in United Natural Foods during the 2nd quarter valued at $4,756,000. Finally, Vanguard Group Inc. raised its stake in United Natural Foods by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,548,900 shares of the company’s stock valued at $49,774,000 after buying an additional 509,989 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

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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Analyst Recommendations for United Natural Foods (NYSE:UNFI)

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