United Natural Foods (NASDAQ:UNFI) Downgraded by BidaskClub

BidaskClub downgraded shares of United Natural Foods (NASDAQ:UNFI) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

A number of other equities research analysts have also weighed in on the stock. Loop Capital lowered their price target on shares of United Natural Foods to $21.00 and set a buy rating for the company in a report on Thursday, June 6th. BMO Capital Markets lowered shares of United Natural Foods from a market perform rating to an underperform rating and decreased their price objective for the stock from $10.00 to $5.00 in a report on Friday, August 2nd. Buckingham Research reissued a neutral rating and set a $11.00 price objective (down from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Pivotal Research reissued a sell rating and set a $6.00 price objective (down from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th. Finally, Zacks Investment Research raised shares of United Natural Foods from a sell rating to a hold rating in a report on Tuesday, May 21st. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $18.59.

UNFI opened at $7.82 on Friday. The company has a fifty day simple moving average of $8.93 and a 200 day simple moving average of $11.57. The firm has a market cap of $412.15 million, a price-to-earnings ratio of 2.51, a PEG ratio of 0.82 and a beta of 2.15. United Natural Foods has a twelve month low of $6.75 and a twelve month high of $35.63. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.21 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The business’s revenue was up 125.1% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. On average, analysts forecast that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in United Natural Foods by 90.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,751 shares of the company’s stock worth $155,000 after acquiring an additional 5,577 shares in the last quarter. Norges Bank bought a new position in shares of United Natural Foods in the 4th quarter worth about $9,162,000. Investors Research Corp bought a new position in shares of United Natural Foods in the 1st quarter worth about $35,000. Nisa Investment Advisors LLC lifted its position in shares of United Natural Foods by 5,000.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,200 shares of the company’s stock worth $135,000 after buying an additional 10,000 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of United Natural Foods in the 2nd quarter worth about $94,000. 98.17% of the stock is owned by institutional investors.

United Natural Foods Company Profile

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.

Further Reading: Green Investing

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.