United Natural Foods, Inc. (NYSE:UNFI) Stock Has Average Target Price of $50.29

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $50.29.

Several brokerages have recently issued reports on UNFI. The Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. BMO Capital Markets restated an “outperform” rating and issued a $61.00 price objective on shares of United Natural Foods in a report on Wednesday, September 9th. BTIG Research reaffirmed a “neutral” rating on shares of United Natural Foods in a research note on Wednesday, September 9th. Weiss Ratings raised United Natural Foods from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Finally, UBS Group boosted their price target on shares of United Natural Foods from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th.

United Natural Foods Trading Down 0.8%

Shares of NYSE:UNFI opened at $45.38 on Friday. The company has a 50 day moving average of $46.82 and a 200-day moving average of $47.63. 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 cap of $2.74 billion, a P/E ratio of 33.87 and a beta of 0.80. United Natural Foods has a twelve month low of $30.91 and a twelve month high of $57.02.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $7.64 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. As a group, analysts anticipate that United Natural Foods will post 3.3 earnings per share for the current fiscal year.

Institutional Trading of United Natural Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in UNFI. BlackRock Inc. bought a new stake in United Natural Foods during the second quarter worth approximately $477,650,000. SG Americas Securities LLC increased its holdings in shares of United Natural Foods by 155.1% in the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after buying an additional 1,053,081 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of United Natural Foods by 85.7% in the second quarter. Wellington Management Group LLP now owns 1,542,662 shares of the company’s stock valued at $70,453,000 after buying an additional 711,913 shares in the last quarter. JCP Investment Management LLC lifted its position in shares of United Natural Foods by 6.7% during the 1st quarter. JCP Investment Management LLC now owns 494,371 shares of the company’s stock valued at $22,276,000 after acquiring 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 valued at $19,540,000 after acquiring an additional 86,605 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 distributor of natural, organic, specialty, fresh and conventional food products in the United States and Canada. The company supplies grocery retailers, independent stores, supermarkets, e-commerce businesses, foodservice operators and other customers with a broad range of products.

UNFI’s offerings include produce, perishables, center-store groceries, refrigerated and frozen foods, beverages, supplements, personal-care products and household items.