United Natural Foods Inc (NYSE:UNFI) has been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.95.
UNFI has been the topic of several recent research reports. ValuEngine cut United Natural Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 20th. Wolfe Research initiated coverage on United Natural Foods in a report on Wednesday, April 22nd. They set a “buy” rating on the stock. BTIG Research initiated coverage on shares of United Natural Foods in a research report on Thursday, July 16th. They set a “neutral” rating on the stock. Barclays lifted their price target on shares of United Natural Foods from $12.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Finally, BMO Capital Markets lifted their price target on shares of United Natural Foods from $10.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, May 15th.
Shares of United Natural Foods stock opened at $19.85 on Tuesday. The stock has a market cap of $1.06 billion, a P/E ratio of -3.41 and a beta of 1.39. The stock’s 50 day simple moving average is $18.36 and its 200-day simple moving average is $12.72. United Natural Foods has a 1-year low of $5.00 and a 1-year high of $23.38. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.50 and a quick ratio of 0.69.
A number of hedge funds and other institutional investors have recently made changes to their positions in UNFI. Ameritas Investment Company LLC purchased a new stake in United Natural Foods in the first quarter valued at approximately $37,000. Rockefeller Capital Management L.P. grew its stake in shares of United Natural Foods by 4,710.3% in the first quarter. Rockefeller Capital Management L.P. now owns 6,975 shares of the company’s stock worth $64,000 after acquiring an additional 6,830 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of United Natural Foods in the second quarter worth $81,000. Public Employees Retirement Association of Colorado grew its stake in shares of United Natural Foods by 19.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 10,099 shares of the company’s stock worth $93,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc grew its stake in shares of United Natural Foods by 8.8% in the first quarter. Nachman Norwood & Parrott Inc now owns 12,300 shares of the company’s stock worth $113,000 after acquiring an additional 1,000 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.
About United Natural Foods
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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