The stock of United Natural Foods, Inc. (NASDAQ:UNFI) is a huge mover today! About 256,790 shares traded hands. United Natural Foods, Inc. (NASDAQ:UNFI) has risen 4.84% since March 9, 2016 and is uptrending. It has underperformed by 2.57% the S&P500.
The move comes after 7 months positive chart setup for the $2.18B company. It was reported on Oct, 12 by Barchart.com. We have $62.52 PT which if reached, will make NASDAQ:UNFI worth $1.00 billion more.
United Natural Foods, Inc. (NASDAQ:UNFI) Ratings Coverage
Out of 18 analysts covering United Natural Foods (NASDAQ:UNFI), 6 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 33% are positive. United Natural Foods has been the topic of 48 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, February 5 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) has “Hold” rating given on Tuesday, September 13 by Deutsche Bank. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) earned “Sell” rating by Pivotal Research on Wednesday, November 18. The firm earned “Market Perform” rating on Tuesday, July 28 by BMO Capital Markets. The firm has “Underperform” rating by RBC Capital Markets given on Friday, December 4. Piper Jaffray downgraded the shares of UNFI in a report on Thursday, November 5 to “Neutral” rating. Standpoint Research initiated United Natural Foods, Inc. (NASDAQ:UNFI) rating on Thursday, January 7. Standpoint Research has “Buy” rating and $48.0 price target. The firm earned “Buy” rating on Tuesday, March 8 by Canaccord Genuity. On Saturday, August 22 the stock rating was maintained by Stephens with “Overweight”. Piper Jaffray maintained it with “Overweight” rating and $56 target price in Saturday, August 29 report.
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.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.03, from 1.36 in 2016Q1. The ratio is positive, as 30 funds sold all United Natural Foods, Inc. shares owned while 79 reduced positions. 47 funds bought stakes while 105 increased positions. They now own 47.33 million shares or 2.09% less from 48.34 million shares in 2016Q1.
New York State Teachers Retirement accumulated 75,852 shares or 0.01% of the stock. Thrivent Financial For Lutherans holds 174,733 shares or 0.04% of its portfolio. Carroll Finance Associate Inc last reported 156 shares in the company. Thompson Davis & Communications Inc, a Virginia-based fund reported 377 shares. Huntington Bank & Trust accumulated 0.01% or 2,937 shares. Credit Agricole S A holds 0% or 720 shares in its portfolio. Agf Investments America holds 21,868 shares or 0.46% of its portfolio. Blackrock Advisors Ltd Llc last reported 0% of its portfolio in the stock. Franklin Resources has 29,607 shares for 0% of their US portfolio. Clean Yield Gru last reported 1.89% of its portfolio in the stock. Cambiar Investors Ltd Liability Company accumulated 615,482 shares or 0.41% of the stock. Moreover, Breton Hill Capital has 0.32% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 21,372 shares. Checchi Capital Advisers Llc, a California-based fund reported 125 shares. Boston Family Office Ltd Liability Corp accumulated 0.09% or 14,900 shares. Rhumbline Advisers, a Massachusetts-based fund reported 107,875 shares.
More notable recent United Natural Foods, Inc. (NASDAQ:UNFI) news were published by: Forbes.com which released: “Despite Broad Food Deflation, United Natural Foods Produces Better-Than …” on September 12, 2016, also Bloomberg.com with their article: “United Natural Foods Falls After Concern Grows About Whole Foods” published on September 14, 2016, Fortune.com published: “Here’s Why Shares of United Natural Foods Are Tanking” on February 29, 2016. More interesting news about United Natural Foods, Inc. (NASDAQ:UNFI) were released by: Fool.com and their article: “Why United Natural Foods, Inc. Stock Popped Today” published on June 07, 2016 as well as Fool.com‘s news article titled: “Why Shares of United Natural Foods Inc. Tumbled on Tuesday” with publication date: December 08, 2015.
UNFI Company Profile
United Natural Foods, Inc., incorporated on February 11, 1994 is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. As of July 28, 2012, the Company operated 26 distribution centers, representing approximately 6.2 million square feet of warehouse space. It carries more than 65,000 natural, organic and specialty products, consisting of national, regional and private label brands in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products and personal care items.
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