United Natural Foods, Inc. (NYSE:UNFI – Get Free Report) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $52.00.
Several equities research analysts recently issued reports on the company. BTIG Research reissued a “neutral” rating on shares of United Natural Foods in a research note on Wednesday, September 9th. Weiss Ratings upgraded United Natural Foods from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft upped their target price on United Natural Foods from $46.00 to $53.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. UBS Group raised their price target on United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Finally, Zacks Research downgraded United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd.
Get Our Latest Research Report on UNFI
United Natural Foods Stock Performance
United Natural Foods stock opened at $47.64 on Thursday. United Natural Foods has a 1-year low of $30.91 and a 1-year high of $57.02. The company has a current ratio of 1.29, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.87 billion, a PE ratio of 35.55 and a beta of 0.97. The firm’s 50 day simple moving average is $45.87 and its 200 day simple moving average is $45.39.
United Natural Foods (NYSE:UNFI – Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.71 billion. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. As a group, analysts expect that United Natural Foods will post 3.30 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of United Natural Foods during the 2nd quarter valued at about $2,493,000. BlackRock Inc. bought a new position in United Natural Foods during the second quarter valued at approximately $477,650,000. Bank of New York Mellon Corp bought a new position in United Natural Foods during the second quarter valued at approximately $18,672,000. Bank of America Corp DE purchased a new stake in shares of United Natural Foods in the 2nd quarter valued at $14,864,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of United Natural Foods by 39.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 130,250 shares of the company’s stock valued at $5,949,000 after purchasing an additional 37,030 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors.
United Natural Foods Company Profile
United Natural Foods, Inc (NYSE:UNFI) is a major grocery wholesaler and distributor serving food retailers and other customers across the United States and Canada. The company supplies natural, organic, specialty, fresh, and conventional grocery products to supermarkets, independent retailers, food cooperatives, and other businesses.
UNFI’s product offerings include fresh produce, dairy, meat and seafood, grocery and packaged foods, beverages, supplements, and personal-care products. In addition to distributing products from numerous manufacturers and brands, the company offers private-label products and provides services such as merchandising, marketing, category management, professional support, and supply-chain solutions.
Founded in 1976, UNFI expanded significantly through acquisitions, including its 2018 acquisition of Supervalu, which strengthened its conventional grocery distribution operations and customer network.
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