UBS Group Cuts United Natural Foods (NYSE:UNFI) Price Target to $26.00

United Natural Foods (NYSE:UNFI) had its price target lowered by UBS Group from $30.00 to $26.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

UNFI has been the subject of several other reports. The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Wall Street Zen upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.43.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $21.30 on Wednesday. United Natural Foods has a twelve month low of $11.88 and a twelve month high of $34.76. The company’s 50 day moving average is $26.90 and its 200 day moving average is $27.69. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.29 billion, a PE ratio of -13.57 and a beta of 0.90.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.22. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the prior year, the company earned $0.10 EPS. United Natural Foods’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that United Natural Foods will post 0.76 EPS for the current year.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors have recently added to or reduced their stakes in UNFI. Marshall Wace LLP grew its stake in United Natural Foods by 207.0% in the 4th quarter. Marshall Wace LLP now owns 1,357,212 shares of the company’s stock valued at $37,065,000 after acquiring an additional 915,177 shares during the period. Nuveen LLC acquired a new stake in United Natural Foods in the 1st quarter valued at $24,171,000. Senvest Management LLC acquired a new stake in United Natural Foods in the 4th quarter valued at $18,161,000. American Century Companies Inc. grew its stake in United Natural Foods by 28.1% in the 4th quarter. American Century Companies Inc. now owns 2,018,248 shares of the company’s stock valued at $55,118,000 after acquiring an additional 442,574 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in United Natural Foods by 162.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 587,697 shares of the company’s stock valued at $16,050,000 after acquiring an additional 363,962 shares during the period. Institutional investors and hedge funds 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.