United Natural Foods (NYSE:UNFI) Price Target Raised to $28.00 at The Goldman Sachs Group

United Natural Foods (NYSE:UNFI) had its target price boosted by The Goldman Sachs Group from $25.00 to $28.00 in a research note issued to investors on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

UNFI has been the subject of a number of other reports. Wells Fargo & Company increased their price objective on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. Finally, Roth Mkm lifted their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.40.

United Natural Foods Price Performance

United Natural Foods stock opened at $34.40 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. United Natural Foods has a fifty-two week low of $8.58 and a fifty-two week high of $34.44. The stock has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $21.79.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts forecast that United Natural Foods will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co grew its holdings in shares of United Natural Foods by 5.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 58,453 shares of the company’s stock worth $1,596,000 after acquiring an additional 2,891 shares during the period. Canada Pension Plan Investment Board grew its holdings in United Natural Foods by 894.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 56,700 shares of the company’s stock valued at $1,548,000 after purchasing an additional 51,000 shares during the last quarter. Marshall Wace LLP increased its position in shares of United Natural Foods by 207.0% in the fourth quarter. Marshall Wace LLP now owns 1,357,212 shares of the company’s stock valued at $37,065,000 after buying an additional 915,177 shares in the last quarter. Senvest Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth $18,161,000. Finally, XTX Topco Ltd purchased a new stake in shares of United Natural Foods in the 4th quarter worth about $454,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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.