United Natural Foods, Inc. (UNFI) Receives “Underweight” Rating from Morgan Stanley

United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Morgan Stanley in a report issued on Monday. They presently have a $33.00 target price on the stock, down from their previous target price of $36.00. Morgan Stanley’s price target would suggest a potential downside of 8.59% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered United Natural Foods from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Loop Capital started coverage on United Natural Foods in a report on Monday, May 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $44.00 price objective on shares of United Natural Foods in a report on Tuesday, April 11th. Wells Fargo & Company restated a “hold” rating on shares of United Natural Foods in a report on Tuesday, June 6th. Finally, Guggenheim restated a “buy” rating and issued a $52.00 price objective on shares of United Natural Foods in a report on Saturday, March 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. United Natural Foods presently has an average rating of “Hold” and a consensus target price of $42.46.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS.

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Several hedge funds have recently modified their holdings of UNFI. Tyers Asset Management LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth about $100,000. Flinton Capital Management LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after buying an additional 306 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock worth $154,000 after buying an additional 548 shares during the last quarter. Finally, Bell Bank increased its stake in shares of United Natural Foods by 6.2% in the first quarter. Bell Bank now owns 5,381 shares of the company’s stock worth $233,000 after buying an additional 315 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UNFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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