United Natural Foods (NASDAQ:UNFI) was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report issued on Friday, July 27th, MarketBeat reports.

UNFI has been the subject of several other research reports. Zacks Investment Research cut United Natural Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, May 30th. ValuEngine cut United Natural Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Pivotal Research lowered their target price on United Natural Foods from $34.00 to $33.00 and set a “sell” rating on the stock in a report on Wednesday, June 13th. Loop Capital set a $61.00 price objective on United Natural Foods and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, BidaskClub lowered United Natural Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.31.

Shares of United Natural Foods traded down $0.37, hitting $33.97, during trading hours on Friday, MarketBeat reports. 466,182 shares of the company were exchanged, compared to its average volume of 1,037,880. United Natural Foods has a 1 year low of $31.84 and a 1 year high of $52.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 0.95. The stock has a market capitalization of $1.73 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, June 6th. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.11. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. United Natural Foods had a return on equity of 9.06% and a net margin of 1.72%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. equities research analysts anticipate that United Natural Foods will post 3.21 EPS for the current year.

In other news, CEO Steven Spinner sold 7,500 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $45.23, for a total transaction of $339,225.00. Following the sale, the chief executive officer now directly owns 100,633 shares of the company’s stock, valued at $4,551,630.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph J. Traficanti sold 6,680 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $47.11, for a total value of $314,694.80. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $459,558.05. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Summit Trail Advisors LLC grew its holdings in shares of United Natural Foods by 3,013.3% during the first quarter. Summit Trail Advisors LLC now owns 144,518 shares of the company’s stock valued at $145,000 after buying an additional 139,876 shares in the last quarter. Argus Investors Counsel Inc. purchased a new position in shares of United Natural Foods during the second quarter valued at $207,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of United Natural Foods during the second quarter valued at $209,000. Atria Investments LLC purchased a new position in shares of United Natural Foods during the first quarter valued at $226,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of United Natural Foods during the first quarter valued at $228,000.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

Featured Story: Understanding Analyst Recommendations

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.