United Natural Foods, Inc. (NYSE:UNFI – Get Free Report) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $52.00.
UNFI has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. BTIG Research reaffirmed a “neutral” rating on shares of United Natural Foods in a research report on Wednesday, September 9th. Wall Street Zen upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $47.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th.
Read Our Latest Report on UNFI
United Natural Foods Price Performance
United Natural Foods (NYSE:UNFI – Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. The business had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter last year, the firm posted ($0.11) EPS. United Natural Foods’s revenue was down .7% compared to the same quarter last year. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. Sell-side analysts anticipate that United Natural Foods will post 3.3 earnings per share for the current fiscal year.
Institutional Investors Weigh In On United Natural Foods
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of United Natural Foods in the 2nd quarter worth $477,650,000. SG Americas Securities LLC boosted its holdings in United Natural Foods by 155.1% during the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock worth $78,047,000 after purchasing an additional 1,053,081 shares during the last quarter. Wellington Management Group LLP grew its position in United Natural Foods by 85.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,542,662 shares of the company’s stock worth $70,453,000 after purchasing an additional 711,913 shares in the last quarter. JCP Investment Management LLC increased its stake in United Natural Foods by 6.7% in the 1st quarter. JCP Investment Management LLC now owns 494,371 shares of the company’s stock valued at $22,276,000 after buying an additional 31,071 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of United Natural Foods by 25.0% during the 1st quarter. Empowered Funds LLC now owns 433,634 shares of the company’s stock worth $19,540,000 after buying an additional 86,605 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.
About United Natural Foods
United Natural Foods, Inc (NYSE: UNFI) is a North American food and grocery wholesaler serving retailers, foodservice operators and other customers. The company distributes a broad selection of products, including natural, organic, specialty, fresh and conventional foods, as well as produce, general merchandise, health and wellness products, and personal care items.
UNFI supplies independent grocery stores, natural-product retailers, supermarkets, e-commerce businesses and other retail channels.
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