In a report released on January 5, Peter Saleh from BTIG maintained a Hold rating on United Natural Foods (UNFI – Research Report). The company’s shares closed last Friday at $15.34.
Saleh covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, McDonald’s, and Chipotle. According to TipRanks, Saleh has an average return of 9.5% and a 58.67% success rate on recommended stocks.
Currently, the analyst consensus on United Natural Foods is a Hold with an average price target of $15.40.
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Based on United Natural Foods’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $7.55 billion and a GAAP net loss of $39 million. In comparison, last year the company earned a revenue of $7.53 billion and had a net profit of $66 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.
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United Natural Foods (UNFI) Company Description:
United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the following segments: Wholesale and Other. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm. It offers food and non food, frozen, perishables, bulk, body care products and supplements. The company was founded by Michael S. Funk in 1996 and is headquartered in Providence, RI.
Read More on UNFI:
- United Natural Foods falls -5.2%
- Wells more bearish on United Natural Foods, downgrades to Underweight
- United Natural Foods downgraded to Underweight from Equal Weight at Wells Fargo
- United Natural Foods price target lowered to $16 from $20 at Wells Fargo
- United Natural Foods backs FY24 adjusted EPS view (88c)-38c, consensus 11c
