United Natural Foods (NYSE:UNFI) Given a $24.00 Price Target by Deutsche Bank Aktiengesellschaft Analysts

United Natural Foods (NYSE:UNFI) has been given a $24.00 target price by research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.76% from the stock’s previous close.

Other research analysts have also issued reports about the stock. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, March 12th. Wall Street Zen raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. UBS Group dropped their target price on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Finally, Northcoast Research cut United Natural Foods from a “buy” rating to a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.43.

United Natural Foods Trading Up 4.6%

Shares of United Natural Foods stock traded up $0.97 on Thursday, reaching $22.27. 698,366 shares of the company’s stock were exchanged, compared to its average volume of 763,227. The company has a market capitalization of $1.35 billion, a P/E ratio of -14.19 and a beta of 0.90. United Natural Foods has a 52 week low of $11.88 and a 52 week high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The firm’s 50-day moving average is $26.90 and its two-hundred day moving average is $27.73.

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

Institutional Trading of United Natural Foods

A number of large investors have recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 920 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods in the fourth quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in United Natural Foods in the 4th quarter worth approximately $47,000. Finally, Sterling Capital Management LLC boosted its holdings in United Natural Foods by 796.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock valued at $51,000 after purchasing an additional 1,672 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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.