BidaskClub upgraded shares of United Natural Foods (NASDAQ:UNFI) from a hold rating to a buy rating in a research report report published on Thursday, BidAskClub reports.

Several other analysts also recently weighed in on the stock. Buckingham Research reiterated a neutral rating and issued a $11.00 target price (down previously from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Pivotal Research reiterated a sell rating and issued a $6.00 target price (down previously from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th. BMO Capital Markets downgraded shares of United Natural Foods from a market perform rating to an underperform rating and dropped their target price for the company from $10.00 to $5.00 in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of United Natural Foods from a sell rating to a hold rating in a report on Tuesday, May 21st. Finally, Loop Capital dropped their target price on shares of United Natural Foods to $14.00 and set a buy rating for the company in a report on Wednesday, August 28th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $18.05.

United Natural Foods stock traded up $0.12 during trading on Thursday, hitting $12.15. The company had a trading volume of 48,336 shares, compared to its average volume of 1,252,327. United Natural Foods has a 1-year low of $6.75 and a 1-year high of $34.49. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77. The company’s 50 day simple moving average is $8.58 and its 200-day simple moving average is $10.97. The stock has a market cap of $490.67 million, a price-to-earnings ratio of 3.89, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15.

A number of hedge funds have recently modified their holdings of UNFI. BNP Paribas Arbitrage SA boosted its position in United Natural Foods by 90.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,751 shares of the company’s stock valued at $155,000 after buying an additional 5,577 shares during the period. Bank of Montreal Can boosted its position in United Natural Foods by 176.0% in the 1st quarter. Bank of Montreal Can now owns 18,226 shares of the company’s stock valued at $242,000 after buying an additional 11,622 shares during the period. Arizona State Retirement System boosted its position in United Natural Foods by 1.2% in the 1st quarter. Arizona State Retirement System now owns 79,157 shares of the company’s stock valued at $1,046,000 after buying an additional 904 shares during the period. Janus Henderson Group PLC boosted its position in United Natural Foods by 46.1% in the 1st quarter. Janus Henderson Group PLC now owns 30,498 shares of the company’s stock valued at $403,000 after buying an additional 9,627 shares during the period. Finally, Rhumbline Advisers boosted its position in United Natural Foods by 1.1% in the 1st quarter. Rhumbline Advisers now owns 154,828 shares of the company’s stock valued at $2,047,000 after buying an additional 1,692 shares during the period. 98.17% of the stock is owned by institutional investors.

United Natural Foods Company Profile

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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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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