Morgan Stanley Analysts Give United Natural Foods (UNFI) a $23.00 Price Target

Morgan Stanley set a $23.00 target price on United Natural Foods (NASDAQ:UNFI) in a report published on Sunday. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded United Natural Foods from a buy rating to a hold rating in a research report on Tuesday, September 18th. BMO Capital Markets set a $28.00 price target on United Natural Foods and gave the company a hold rating in a research report on Friday, September 21st. Pivotal Research reissued a sell rating and set a $25.00 price target on shares of United Natural Foods in a research report on Monday, July 30th. Royal Bank of Canada raised United Natural Foods from an underperform rating to a sector perform rating and decreased their target price for the stock from $36.00 to $32.00 in a research report on Monday, September 24th. Finally, Loop Capital set a $61.00 target price on United Natural Foods and gave the stock a buy rating in a research report on Friday, July 13th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. United Natural Foods presently has a consensus rating of Hold and an average price target of $35.67.

UNFI stock opened at $21.85 on Friday. United Natural Foods has a 12-month low of $21.33 and a 12-month high of $52.69. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.91 and a beta of 1.37.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09). United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the firm posted $0.72 EPS. United Natural Foods’s revenue was up 10.7% on a year-over-year basis. On average, research analysts anticipate that United Natural Foods will post 3.38 earnings per share for the current year.

In other news, Director James P. Heffernan sold 3,820 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the sale, the director now owns 6,960 shares of the company’s stock, valued at $205,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its stake in United Natural Foods by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 43,296 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,652 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of United Natural Foods by 5.5% in the 2nd quarter. Systematic Financial Management LP now owns 34,310 shares of the company’s stock valued at $1,464,000 after buying an additional 1,785 shares during the period. Balasa Dinverno & Foltz LLC grew its holdings in shares of United Natural Foods by 23.1% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 10,172 shares of the company’s stock valued at $434,000 after buying an additional 1,910 shares during the period. James Investment Research Inc. grew its holdings in shares of United Natural Foods by 4.6% in the 2nd quarter. James Investment Research Inc. now owns 46,210 shares of the company’s stock valued at $1,971,000 after buying an additional 2,020 shares during the period. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of United Natural Foods by 41.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,209 shares of the company’s stock valued at $310,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

About United Natural Foods

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.

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Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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