Today: Today, Northcoast Research Weighs in on United Natural Foods Inc.’s Q1 2017 Earnings (UNFI)

Today, Northcoast Research Weighs in on United Natural Foods Inc.’s Q1 2017 Earnings (UNFI)

United Natural Foods Inc. (NASDAQ:UNFI) – Northcoast Research issued their Q1 2017 EPS estimates for shares of United Natural Foods in a research note issued to investors on Tuesday. Northcoast Research analyst C. Cerankosky forecasts that the brokerage will earn $0.62 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for United Natural Foods’ Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.60 EPS and FY2018 earnings at $2.87 EPS.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Monday, September 12th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $2.21 billion for the quarter. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS.

Several other brokerages also recently commented on UNFI. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Piper Jaffray Cos. restated a “neutral” rating and issued a $40.00 price target (down previously from $45.00) on shares of United Natural Foods in a research report on Tuesday, August 16th. BMO Capital Markets set a $45.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley set a $36.00 price target on shares of United Natural Foods and gave the company a “sell” rating in a research report on Tuesday, September 13th. Finally, Deutsche Bank AG set a $43.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $43.48.

United Natural Foods (NASDAQ:UNFI) traded up 0.51% during trading on Friday, hitting $47.34. 130,688 shares of the company traded hands. The firm has a market cap of $2.39 billion, a P/E ratio of 18.94 and a beta of 1.22. United Natural Foods has a one year low of $29.75 and a one year high of $52.18. The firm has a 50 day moving average of $43.26 and a 200 day moving average of $43.50.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in United Natural Foods by 16.7% in the second quarter. FMR LLC now owns 3,671,127 shares of the company’s stock worth $171,808,000 after buying an additional 526,254 shares during the last quarter. Vanguard Group Inc. increased its position in United Natural Foods by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,594,563 shares of the company’s stock worth $168,225,000 after buying an additional 90,354 shares during the last quarter. BlackRock Fund Advisors increased its position in United Natural Foods by 6.5% in the third quarter. BlackRock Fund Advisors now owns 2,619,718 shares of the company’s stock worth $104,894,000 after buying an additional 159,935 shares during the last quarter. Riverbridge Partners LLC increased its position in United Natural Foods by 16.9% in the third quarter. Riverbridge Partners LLC now owns 1,851,683 shares of the company’s stock worth $74,141,000 after buying an additional 267,643 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in United Natural Foods by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 1,849,873 shares of the company’s stock worth $74,069,000 after buying an additional 208,523 shares during the last quarter. 98.32% of the stock is owned by hedge funds and other institutional investors.

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