BMO Capital Markets Lowers United Natural Foods (NYSE:UNFI) Price Target to $25.00

United Natural Foods (NYSE:UNFI) had its price target lowered by BMO Capital Markets from $32.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on United Natural Foods from $33.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, March 12th. UBS Group cut their price objective on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, Northcoast Research lowered United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.43.

United Natural Foods Price Performance

Shares of UNFI opened at $21.61 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The firm’s fifty day simple moving average is $26.94 and its 200-day simple moving average is $27.71. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -13.76 and a beta of 0.90. United Natural Foods has a twelve month low of $11.88 and a twelve month high of $34.76.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.78 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities analysts forecast that United Natural Foods will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On United Natural Foods

Several hedge funds and other institutional investors have recently modified their holdings of UNFI. Inspire Investing LLC acquired a new stake in shares of United Natural Foods in the 1st quarter valued at $353,000. Invst LLC bought a new stake in United Natural Foods in the first quarter valued at approximately $1,470,000. Strs Ohio bought a new stake in United Natural Foods in the first quarter valued at approximately $764,000. McAdam LLC bought a new position in shares of United Natural Foods during the first quarter worth approximately $281,000. Finally, Intech Investment Management LLC increased its stake in shares of United Natural Foods by 39.4% during the first quarter. Intech Investment Management LLC now owns 90,891 shares of the company’s stock worth $2,490,000 after purchasing an additional 25,676 shares during the period. Institutional investors own 87.63% of the company’s stock.

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.