Is United Natural Foods (NASDAQ:UNFI) Now a ‘Buy’? Why did Barclays Upgrade The Stock?

January 17, 2018 - By Nellie Frank

  Is United Natural Foods (NASDAQ:UNFI) Now a ‘Buy’? Why did Barclays Upgrade The Stock?

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.24, from 1.01 in 2017Q2. It is positive, as 32 investors sold United Natural Foods, Inc. shares while 70 reduced holdings. 49 funds opened positions while 79 raised stakes. 54.07 million shares or 1.89% more from 53.06 million shares in 2017Q2 were reported.

Ameritas Prtnrs, Nebraska-based fund reported 19,196 shares. Johnson Grp Incorporated Inc holds 100 shares or 0% of its portfolio. Stifel Financial Corp has 15,993 shares. Northwestern Mutual Wealth holds 0% or 134 shares in its portfolio. State Board Of Administration Of Florida Retirement has 40,671 shares for 0% of their portfolio. Jane Street Gru Ltd Liability Com reported 16,556 shares. American Century has 0.01% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 148,048 shares. Weaver C Barksdale & Inc has 0.06% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 1,266 shares. Wells Fargo & Mn invested in 0% or 286,984 shares. Northern invested 0.01% in United Natural Foods, Inc. (NASDAQ:UNFI). Lpl Limited Liability owns 10,868 shares. Hood River Capital Mgmt Limited holds 0.94% or 356,700 shares. Ls Advsr Limited Liability Corporation reported 4,001 shares or 0.01% of all its holdings. Panagora Asset has invested 0.01% in United Natural Foods, Inc. (NASDAQ:UNFI). Stevens Management L P holds 0.02% of its portfolio in United Natural Foods, Inc. (NASDAQ:UNFI) for 13,701 shares.

Since September 22, 2017, it had 0 buys, and 21 selling transactions for $8.11 million activity. 11,500 shares valued at $506,690 were sold by Zechmeister Michael Paul on Monday, September 25. Griffin Sean had sold 6,521 shares worth $290,837. 2,660 shares were sold by ROY PETER, worth $107,544 on Thursday, October 12. On Wednesday, January 3 Green Paul Scott sold $171,323 worth of United Natural Foods, Inc. (NASDAQ:UNFI) or 3,473 shares. The insider HEFFERNAN JAMES P sold 16,514 shares worth $823,553. Hummel John Michael also sold $57,293 worth of United Natural Foods, Inc. (NASDAQ:UNFI) shares.

United Natural Foods (NASDAQ:UNFI) Stock Upgrade

The previous rating of a “Underweight” for United Natural Foods (NASDAQ:UNFI) has been discontinued as Barclays upgraded UNFI’s current rating to a respectable “Equal-Weight”.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.24, from 1.01 in 2017Q2. It is positive, as 32 investors sold United Natural Foods, Inc. shares while 70 reduced holdings. 49 funds opened positions while 79 raised stakes. 54.07 million shares or 1.89% more from 53.06 million shares in 2017Q2 were reported.

Ameritas Prtnrs, Nebraska-based fund reported 19,196 shares. Johnson Grp Incorporated Inc holds 100 shares or 0% of its portfolio. Stifel Financial Corp has 15,993 shares. Northwestern Mutual Wealth holds 0% or 134 shares in its portfolio. State Board Of Administration Of Florida Retirement has 40,671 shares for 0% of their portfolio. Jane Street Gru Ltd Liability Com reported 16,556 shares. American Century has 0.01% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 148,048 shares. Weaver C Barksdale & Inc has 0.06% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 1,266 shares. Wells Fargo & Mn invested in 0% or 286,984 shares. Northern invested 0.01% in United Natural Foods, Inc. (NASDAQ:UNFI). Lpl Limited Liability owns 10,868 shares. Hood River Capital Mgmt Limited holds 0.94% or 356,700 shares. Ls Advsr Limited Liability Corporation reported 4,001 shares or 0.01% of all its holdings. Panagora Asset has invested 0.01% in United Natural Foods, Inc. (NASDAQ:UNFI). Stevens Management L P holds 0.02% of its portfolio in United Natural Foods, Inc. (NASDAQ:UNFI) for 13,701 shares.

Since September 22, 2017, it had 0 buys, and 21 selling transactions for $8.11 million activity. 11,500 shares valued at $506,690 were sold by Zechmeister Michael Paul on Monday, September 25. Griffin Sean had sold 6,521 shares worth $290,837. 2,660 shares were sold by ROY PETER, worth $107,544 on Thursday, October 12. On Wednesday, January 3 Green Paul Scott sold $171,323 worth of United Natural Foods, Inc. (NASDAQ:UNFI) or 3,473 shares. The insider HEFFERNAN JAMES P sold 16,514 shares worth $823,553. Hummel John Michael also sold $57,293 worth of United Natural Foods, Inc. (NASDAQ:UNFI) shares.

United Natural Foods, Inc. (NASDAQ:UNFI) Ratings Coverage

Among 26 analysts covering United Natural Foods (NASDAQ:UNFI), 8 have Buy rating, 4 Sell and 14 Hold. Therefore 31% are positive. United Natural Foods has $76 highest and $3200 lowest target. $46.79’s average target is -2.82% below currents $48.15 stock price. United Natural Foods had 84 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) earned “Buy” rating by Buckingham Research on Monday, October 19. The stock of United Natural Foods, Inc. (NASDAQ:UNFI) has “Neutral” rating given on Tuesday, January 31 by Goldman Sachs. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, September 14. Piper Jaffray maintained it with “Overweight” rating and $56 target in Saturday, August 29 report. Jefferies maintained United Natural Foods, Inc. (NASDAQ:UNFI) rating on Friday, December 8. Jefferies has “Hold” rating and $47.0 target. The firm has “Market Perform” rating given on Tuesday, July 28 by BMO Capital Markets. Barclays Capital upgraded United Natural Foods, Inc. (NASDAQ:UNFI) rating on Tuesday, January 16. Barclays Capital has “Hold” rating and $43.0 target. On Tuesday, May 30 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, September 14. Deutsche Bank maintained the stock with “Hold” rating in Sunday, August 23 report.

The stock increased 0.73% or $0.35 during the last trading session, reaching $48.15. About 144,672 shares traded. United Natural Foods, Inc. (NASDAQ:UNFI) has risen 15.49% since January 17, 2017 and is uptrending. It has underperformed by 1.21% the S&P500.

Analysts await United Natural Foods, Inc. (NASDAQ:UNFI) to report earnings on March, 14. They expect $0.53 earnings per share, up 6.00 % or $0.03 from last year’s $0.5 per share. UNFI’s profit will be $26.71 million for 22.71 P/E if the $0.53 EPS becomes a reality. After $0.62 actual earnings per share reported by United Natural Foods, Inc. for the previous quarter, Wall Street now forecasts -14.52 % negative EPS growth.

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 has market cap of $2.43 billion. The firm operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. It has a 18.66 P/E ratio. 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.

More important recent United Natural Foods, Inc. (NASDAQ:UNFI) news were published by: Zacks.com which released: “United Natural Up 27% in 6 Months: Further Upside in Store?” on January 11, 2018, also Businesswire.com published article titled: “United Natural Foods, Inc. to Participate in the 20”, Fool.com published: “Why Buckle, Insys Therapeutics, and United Natural Foods Slumped Today” on January 04, 2018. More interesting news about United Natural Foods, Inc. (NASDAQ:UNFI) was released by: Streetinsider.com and their article: “Form S-8 UNITED NATURAL FOODS” with publication date: December 22, 2017.

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