Todays Report: The Jefferies Group Analysts Decrease Earnings Estimates for United Natural Foods Inc. (UNFI)

The Jefferies Group Analysts Decrease Earnings Estimates for United Natural Foods Inc. (UNFI)

United Natural Foods Inc. (NASDAQ:UNFI) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for United Natural Foods in a research note issued on Friday. Jefferies Group analyst C. Mandeville now anticipates that the brokerage will post earnings per share of $2.77 for the year, down from their previous estimate of $2.78. Jefferies Group has a “Hold” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for United Natural Foods’ FY2020 earnings at $3.20 EPS.

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

UNFI has been the topic of several other reports. Royal Bank Of Canada increased their price objective on shares of United Natural Foods from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, September 14th. Morgan Stanley set a $36.00 price objective on shares of United Natural Foods and gave the company a “sell” rating in a report on Tuesday, September 13th. Barclays PLC initiated coverage on shares of United Natural Foods in a report on Thursday, September 22nd. They issued an “underweight” rating and a $40.00 price objective on the stock. TheStreet lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, June 8th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and an average price target of $44.36.

United Natural Foods (NASDAQ:UNFI) traded up 1.50% during midday trading on Monday, hitting $40.63. 104,486 shares of the company traded hands. The stock’s 50-day moving average is $43.02 and its 200-day moving average is $42.05. United Natural Foods has a 12-month low of $29.75 and a 12-month high of $55.69. The firm has a market capitalization of $2.05 billion, a PE ratio of 16.25 and a beta of 1.04.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of United Natural Foods by 117.5% in the second quarter. JPMorgan Chase & Co. now owns 2,553 shares of the company’s stock worth $119,000 after buying an additional 1,379 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of United Natural Foods by 575.0% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $126,000 after buying an additional 2,300 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of United Natural Foods by 75.9% in the second quarter. LS Investment Advisors LLC now owns 3,062 shares of the company’s stock worth $143,000 after buying an additional 1,321 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of United Natural Foods during the second quarter worth approximately $149,000. Finally, AGF Investments Inc. boosted its stake in shares of United Natural Foods by 4.4% in the second quarter. AGF Investments Inc. now owns 3,768 shares of the company’s stock worth $176,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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