Analysts Set United Natural Foods Inc (NASDAQ:UNFI) Target Price at $18.24

Shares of United Natural Foods Inc (NASDAQ:UNFI) have received an average recommendation of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.24.

Several equities research analysts recently commented on UNFI shares. Loop Capital cut their target price on United Natural Foods to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. BMO Capital Markets downgraded United Natural Foods from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $10.00 to $5.00 in a research note on Friday, August 2nd. Pivotal Research reaffirmed a “sell” rating and set a $6.00 price target (down from $8.00) on shares of United Natural Foods in a research note on Thursday, June 6th. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, BidaskClub raised United Natural Foods from a “hold” rating to a “buy” rating in a research note on Thursday.

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of United Natural Foods by 90.3% during the first quarter. BNP Paribas Arbitrage SA now owns 11,751 shares of the company’s stock valued at $155,000 after acquiring an additional 5,577 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in United Natural Foods by 10.5% during the second quarter. Cascade Investment Advisors Inc. now owns 25,180 shares of the company’s stock valued at $226,000 after purchasing an additional 2,390 shares during the period. Everence Capital Management Inc. bought a new position in United Natural Foods during the second quarter valued at $94,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in United Natural Foods by 10.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 196,370 shares of the company’s stock valued at $1,762,000 after purchasing an additional 18,785 shares during the period. Finally, Atria Investments LLC bought a new position in United Natural Foods during the second quarter valued at $8,584,000. 98.17% of the stock is owned by institutional investors.

Shares of United Natural Foods stock traded up $0.06 on Friday, hitting $12.09. 779,693 shares of the company’s stock traded hands, compared to its average volume of 1,249,720. United Natural Foods has a one year low of $6.75 and a one year high of $34.49. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. The company has a fifty day moving average of $8.63 and a two-hundred day moving average of $10.96. The company has a market capitalization of $637.19 million, a price-to-earnings ratio of 3.89, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15.

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.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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