United Natural Foods, Inc. (NYSE:UNFI) Given Consensus Rating of “Reduce” by Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been assigned a consensus recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.60.

UNFI has been the topic of a number of recent analyst reports. Roth Mkm lifted their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, UBS Group boosted their price target on United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th.

Hedge Funds Weigh In On United Natural Foods

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of United Natural Foods during the second quarter worth approximately $28,000. Quest Partners LLC acquired a new position in shares of United Natural Foods during the fourth quarter worth approximately $35,000. Spire Wealth Management raised its position in shares of United Natural Foods by 68.2% during the first quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock worth $37,000 after purchasing an additional 1,310 shares during the period. CWM LLC raised its position in shares of United Natural Foods by 661.8% during the second quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in United Natural Foods during the first quarter worth $38,000. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Price Performance

United Natural Foods stock opened at $14.53 on Thursday. The stock’s 50 day moving average is $13.83 and its 200 day moving average is $12.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. The firm has a market cap of $864.10 million, a P/E ratio of -6.03 and a beta of 0.64. United Natural Foods has a one year low of $8.58 and a one year high of $19.93.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.