United Natural Foods, Inc. (NYSE:UNFI) Receives $13.60 Average PT from Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have earned a consensus rating of “Reduce” from the five research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.60.

Several brokerages have issued reports on UNFI. Roth Mkm lifted their price target on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. UBS Group upped their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Finally, StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th.

United Natural Foods Stock Performance

NYSE UNFI opened at $14.51 on Thursday. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $19.93. The company has a fifty day moving average of $13.91 and a 200-day moving average of $12.50. The company has a market capitalization of $862.91 million, a P/E ratio of -6.02 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently modified their holdings of UNFI. First Trust Direct Indexing L.P. bought a new stake in United Natural Foods in the fourth quarter valued at approximately $174,000. Charles Schwab Investment Management Inc. raised its holdings in United Natural Foods by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after buying an additional 115,308 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its position in United Natural Foods by 159.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,148 shares of the company’s stock valued at $197,000 after buying an additional 7,463 shares during the period. Jump Financial LLC bought a new stake in United Natural Foods in the 4th quarter worth $227,000. Finally, Ieq Capital LLC purchased a new position in shares of United Natural Foods in the fourth quarter valued at about $243,000. Institutional investors 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.