MKM Partners started coverage on shares of United Natural Foods (NYSE:UNFI) in a report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $26.00 price objective on the stock.

A number of other research analysts also recently issued reports on UNFI. Wells Fargo & Co raised shares of United Natural Foods from an underweight rating to an equal weight rating and set a $16.00 price objective on the stock in a research report on Wednesday, May 13th. BTIG Research assumed coverage on shares of United Natural Foods in a research report on Thursday, July 16th. They issued a neutral rating on the stock. BMO Capital Markets upped their target price on shares of United Natural Foods from $10.00 to $22.00 and gave the stock a market perform rating in a research report on Friday, May 15th. TheStreet raised shares of United Natural Foods from a d+ rating to a c- rating in a research report on Wednesday, June 10th. Finally, Cfra upped their target price on shares of United Natural Foods from $8.00 to $24.00 and gave the stock a hold rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $15.95.

Shares of United Natural Foods stock opened at $19.85 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.69 and a debt-to-equity ratio of 3.05. The company’s fifty day simple moving average is $18.36 and its two-hundred day simple moving average is $12.72. The company has a market cap of $1.10 billion, a P/E ratio of 8.96 and a beta of 1.39. United Natural Foods has a 12-month low of $5.00 and a 12-month high of $23.38.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Wednesday, June 10th. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.01). The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.67 billion. United Natural Foods had a negative net margin of 1.22% and a positive return on equity of 9.88%. During the same period in the previous year, the firm posted $0.61 earnings per share. Analysts predict that United Natural Foods will post 2.4 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Company LLC purchased a new stake in United Natural Foods during the 1st quarter valued at about $37,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in United Natural Foods during the 2nd quarter valued at about $81,000. Rockefeller Capital Management L.P. grew its position in United Natural Foods by 4,710.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 6,975 shares of the company’s stock valued at $64,000 after purchasing an additional 6,830 shares during the last quarter. First Quadrant L P CA purchased a new stake in United Natural Foods during the 2nd quarter valued at about $137,000. Finally, Public Employees Retirement Association of Colorado grew its position in United Natural Foods by 19.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 10,099 shares of the company’s stock valued at $93,000 after purchasing an additional 1,633 shares during the last quarter. 85.25% of the stock is currently 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 (NYSE:UNFI)

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