United Natural Foods (NYSE:UNFI) PT Raised to $23.00 at BMO Capital Markets

United Natural Foods (NYSE:UNFI) had its target price hoisted by BMO Capital Markets from $14.00 to $23.00 in a report issued on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on UNFI. UBS Group upped their price target on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a neutral rating in a report on Wednesday. Roth Mkm raised their price target on United Natural Foods from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday, June 6th. Finally, StockNews.com raised United Natural Foods from a sell rating to a hold rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $16.60.

United Natural Foods Stock Performance

Shares of UNFI opened at $19.76 on Wednesday. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $23.15. The stock’s 50-day simple moving average is $15.10 and its 200 day simple moving average is $12.89. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.44. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -8.20 and a beta of 0.63.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. United Natural Foods’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned ($0.25) earnings per share. Research analysts forecast that United Natural Foods will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On United Natural Foods

Several institutional investors have recently modified their holdings of UNFI. nVerses Capital LLC bought a new stake in United Natural Foods in the second quarter worth $28,000. Public Employees Retirement System of Ohio bought a new position in United Natural Foods during the 1st quarter worth approximately $38,000. Allspring Global Investments Holdings LLC increased its stake in United Natural Foods by 317.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after purchasing an additional 2,763 shares during the period. Fidelis Capital Partners LLC bought a new stake in United Natural Foods in the first quarter valued at approximately $42,000. Finally, CWM LLC boosted its stake 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 valued at $43,000 after purchasing an additional 2,879 shares during the period. 87.63% of the stock is currently owned by institutional investors.

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.