November 30, 2016 - By Richard Conner · 0 Comments
United Natural Foods Inc (NASDAQ:UNFI) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.51, from 1.39 in 2016Q1. The ratio dived, as 152 hedge funds increased and opened new equity positions, while 109 cut down and sold stakes in United Natural Foods Inc. The hedge funds in our partner’s database now possess: 47.33 million shares, down from 48.34 million shares in 2016Q1. Also, the number of hedge funds holding United Natural Foods Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 30 Reduced: 79 Increased: 105 New Position: 47.
United Natural Foods, Inc. is a distributor and retailer of natural, organic and specialty products. The company has a market cap of $2.37 billion. The Company’s divisions include Wholesale and Other. It has a 18.82 P/E ratio. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
The stock closed at $46.96 during the last session. It is down 27.99% since April 27, 2016 and is uptrending. It has outperformed by 22.76% the S&P500.
Analysts await United Natural Foods, Inc. (NASDAQ:UNFI) to report earnings on December, 5. They expect $0.63 earnings per share, 0.00% or $0.00 from last year’s $0.63 per share. UNFI’s profit will be $31.80 million for 18.63 P/E if the $0.63 EPS becomes a reality. After $0.70 actual earnings per share reported by United Natural Foods, Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.
According to Zacks Investment Research, “United Natural Foods is the leading independent national distributor of natural foods and related products in the United States. The company is the primary supplier to a majority of its customers, offering high-quality natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables and frozen foods.”
Pekin Singer Strauss Asset Management Il holds 5.26% of its portfolio in United Natural Foods, Inc. for 512,289 shares. Kdi Capital Partners Llc owns 162,367 shares or 2.41% of their US portfolio. Moreover, Winslow Asset Management Inc has 2.3% invested in the company for 219,238 shares. The Massachusetts-based Trillium Asset Management Llc has invested 1.95% in the stock. Clean Yield Group, a Vermont-based fund reported 94,205 shares.#img1#
Ratings analysis reveals 32% of United Natural Foods’s analysts are positive. Out of 19 Wall Street analysts rating United Natural Foods, 6 give it “Buy”, 4 “Sell” rating, while 9 recommend “Hold”. The lowest target is $33 while the high is $76. The stock’s average target of $47.83 is 1.85% above today’s ($46.96) share price. UNFI was included in 49 notes of analysts from July 21, 2015. The company was maintained on Saturday, August 22 by Stephens. The company was initiated on Monday, October 19 by Buckingham Research. The firm earned “Overweight” rating on Saturday, August 29 by Piper Jaffray. Bank of America downgraded United Natural Foods, Inc. (NASDAQ:UNFI) on Tuesday, July 21 to “Underperform” rating. As per Tuesday, September 13, the company rating was maintained by Deutsche Bank. Oppenheimer downgraded the shares of UNFI in a report on Tuesday, July 21 to “Perform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $34 target price in Wednesday, September 14 report. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) has “Buy” rating given on Thursday, November 5 by Jefferies. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) has “Sell” rating given on Friday, August 28 by Pivotal Research. The stock has “Equal Weight” rating given by Morgan Stanley on Wednesday, July 22.
United Natural Foods, Inc., incorporated on February 11, 1994, is a distributor and retailer of natural, organic and specialty products. The Company’s divisions include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada. The Other segment includes a retail division, which engages in the sale of natural foods and related products to the general public through retail storefronts on the east coast of the United States; a manufacturing division, which engages in importing, roasting and packaging of nuts, seeds, dried fruit and snack items, and the Company’s branded product lines. The Company’s activities consist of three operating divisions, which include Wholesale Division, retail division, and Manufacturing and Branded Products Divisions. The Firm sells its products primarily throughout the United States and Canada.
More notable recent United Natural Foods, Inc. (NASDAQ:UNFI) news were published by: Prnewswire.com which released: “United Natural Foods, Inc. To Launch NuZee, Inc.’s Coffee Blenders® Line …” on November 23, 2016, also Forbes.com with their article: “Despite Broad Food Deflation, United Natural Foods Produces Better-Than …” published on September 12, 2016, Bloomberg.com published: “United Natural Foods Falls After Concern Grows About Whole Foods” on September 14, 2016. More interesting news about United Natural Foods, Inc. (NASDAQ:UNFI) were released by: Fortune.com and their article: “Here’s Why Shares of United Natural Foods Are Tanking” published on February 29, 2016 as well as Fool.com‘s news article titled: “Why United Natural Foods, Inc. Stock Popped Today” with publication date: June 07, 2016.
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By Richard Conner