United Natural Foods Inc. (UNFI) Trading Down 4.6%
United Natural Foods Inc. (NASDAQ:UNFI) shares fell 4.6% during mid-day trading on Wednesday . The company traded as low as $42.55 and last traded at $43.68, with a volume of 1,140,960 shares trading hands. The stock had previously closed at $45.80.
A number of brokerages have issued reports on UNFI. TheStreet upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $40.00 price objective (down from $45.00) on shares of United Natural Foods in a report on Tuesday, August 16th. Morgan Stanley reaffirmed a “sell” rating on shares of United Natural Foods in a report on Monday, June 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $42.00 price objective (up from $34.00) on shares of United Natural Foods in a report on Tuesday, June 7th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.81.
The company’s 50 day moving average price is $48.29 and its 200 day moving average price is $41.67. The firm has a market capitalization of $2.21 billion and a price-to-earnings ratio of 17.33.
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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