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

United Natural Foods, Inc. (NYSE:UNFI) has been assigned an average rating of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.60.

A number of brokerages have issued reports on UNFI. Roth Mkm boosted their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. UBS Group boosted their price target on shares of United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Finally, StockNews.com upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th.

Institutional Trading of United Natural Foods

A number of hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in United Natural Foods during the 2nd quarter valued at about $28,000. Quest Partners LLC bought a new position in shares of United Natural Foods during the fourth quarter valued at approximately $35,000. Spire Wealth Management lifted its holdings 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 valued at $37,000 after purchasing an additional 1,310 shares during the last quarter. CWM LLC boosted its position in shares of United Natural Foods by 661.8% in the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of United Natural Foods in the 1st quarter worth approximately $38,000. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $14.51 on Thursday. The business has a 50 day moving average of $13.91 and a 200 day moving average of $12.50. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $19.93. The company has a market cap of $862.91 million, a PE ratio of -6.02 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 1.51 and a debt-to-equity ratio of 1.28.

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.