UBS Group Boosts United Natural Foods (NYSE:UNFI) Price Target to $21.00

United Natural Foods (NYSE:UNFI) had its price target increased by UBS Group from $16.00 to $21.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

UNFI has been the topic of a number of other reports. Roth Mkm upped their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the company a neutral rating in a research note on Thursday, June 6th. StockNews.com raised shares of United Natural Foods from a sell rating to a hold rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $16.60.

United Natural Foods Stock Up 3.5 %

Shares of NYSE:UNFI opened at $19.76 on Wednesday. The business has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $12.94. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $23.15. The firm has a market cap of $1.18 billion, a P/E ratio of -8.20 and a beta of 0.63. The company has a quick ratio of 0.55, a current ratio of 1.44 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the company earned ($0.25) earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts predict that United Natural Foods will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On United Natural Foods

Several hedge funds have recently made changes to their positions in UNFI. nVerses Capital LLC purchased a new position in shares of United Natural Foods during the second quarter valued at approximately $28,000. Public Employees Retirement System of Ohio purchased a new stake in United Natural Foods during the 1st quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC increased its holdings in shares of United Natural Foods by 317.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after purchasing an additional 2,763 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in United Natural Foods during the first quarter valued at $42,000. Finally, CWM LLC raised its position in United Natural Foods by 661.8% during the second quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after purchasing an additional 2,879 shares during the period. 87.63% of the stock is currently owned by institutional investors.

About United Natural Foods

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.