United Natural Foods (NYSE:UNFI) PT Raised to $21.00

United Natural Foods (NYSE:UNFI) had its price target boosted by UBS Group from $16.00 to $21.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently issued reports on UNFI. Roth Mkm lifted their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the company a neutral rating in a research note on Thursday, June 6th. StockNews.com upgraded United Natural Foods from a sell rating to a hold rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $16.60.

United Natural Foods Price Performance

United Natural Foods stock opened at $19.76 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of -8.20 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.55. The stock’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $12.94. United Natural Foods has a one year low of $8.58 and a one year high of $23.15.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter last year, the business earned ($0.25) earnings per share. United Natural Foods’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that United Natural Foods will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On United Natural Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP acquired a new position in shares of United Natural Foods during the fourth quarter worth $1,497,000. Renaissance Technologies LLC increased its holdings in United Natural Foods by 86.6% in the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock worth $3,461,000 after purchasing an additional 122,626 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in United Natural Foods in the 1st quarter worth about $2,317,000. Vanguard Group Inc. raised its position in United Natural Foods by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after purchasing an additional 321,020 shares during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of United Natural Foods during the second quarter valued at about $661,000. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.