Published On: Wed, Sep 14th, 2016

United Natural Foods Inc. (UNFI) PT Raised to $34.00 at Royal Bank Of Canada

United Natural Foods Inc. (NASDAQ:UNFI) had its price objective boosted by stock analysts at Royal Bank Of Canada from $33.00 to $34.00 in a research note issued on Wednesday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 17.40% from the stock’s previous close.
Several other analysts also recently commented on the stock. TheStreet downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Thursday, September 8th. Vetr downgraded shares of United Natural Foods from a “strong-buy” rating to a “buy” rating and set a $37.14 price objective on the stock. in a research report on Monday, May 23rd. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, June 8th. BMO Capital Markets set a $45.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $40.00 price target (down previously from $45.00) on shares of United Natural Foods in a report on Tuesday, August 16th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and an average price target of $45.01.
United Natural Foods (NASDAQ:UNFI) opened at 41.16 on Wednesday. The company’s 50-day moving average is $47.34 and its 200 day moving average is $41.83. United Natural Foods has a 52 week low of $29.75 and a 52 week high of $55.69. The stock has a market cap of $2.07 billion, a PE ratio of 16.27 and a beta of 1.03.

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United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Monday, September 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. United Natural Foods had a net margin of 1.48% and a return on equity of 8.95%. The company had revenue of $2.21 billion for the quarter. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect that United Natural Foods will post $2.51 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Impax Asset Management AIFM Ltd raised its position in United Natural Foods by 9.3% in the first quarter. Impax Asset Management AIFM Ltd now owns 308,319 shares of the company’s stock worth $12,425,000 after buying an additional 26,200 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in United Natural Foods by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,472,710 shares of the company’s stock worth $59,350,000 after buying an additional 37,205 shares during the period. BlackRock Group LTD raised its position in United Natural Foods by 32.9% in the first quarter. BlackRock Group LTD now owns 33,828 shares of the company’s stock worth $1,363,000 after buying an additional 8,383 shares during the period. BlackRock Inc. raised its position in United Natural Foods by 13.1% in the first quarter. BlackRock Inc. now owns 20,967 shares of the company’s stock worth $845,000 after buying an additional 2,424 shares during the period. Finally, Continental Advisors LLC raised its position in United Natural Foods by 32.5% in the first quarter. Continental Advisors LLC now owns 50,150 shares of the company’s stock worth $2,021,000 after buying an additional 12,300 shares during the period. 98.13% of the stock is owned by hedge funds and other institutional investors.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

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