Barclays Initiates Coverage on United Natural Foods to Underweight

Barclays Initiates Coverage on United Natural Foods(NASDAQ:UNFI). The shares have been rated Underweight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Sep 13, 2016, Deutsche Bank said it Maintains its rating on United Natural Foods. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Hold’ by the firm.

United Natural Foods (UNFI) made into the market gainers list on Tuesdays trading session with the shares advancing 0.28% or 0.11 points. Due to strong positive momentum, the stock ended at $39.14, which is also near the day’s high of $39.73. The stock began the session at $38.97 and the volume stood at 4,86,195 shares. The 52-week high of the shares is $55.69 and the 52 week low is $29.75. The company has a current market capitalization of $1,972 M and it has 5,03,80,711 shares in outstanding.

United Natural Foods(UNFI) last announced its earnings results on Sep 12, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $2.21B. Analysts had an estimated revenue of $2.22B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Oct 20, 2015, Thomas A Dziki (CHRSO) sold 19,195 shares at $53.94 per share price.Also, On Oct 8, 2015, Donald P. Mcintyre (SVP, National Supply Chain) sold 1,200 shares at $52.94 per share price.On Aug 25, 2015, Sean Griffin (COO) purchased 6,521 shares at $46.10 per share price, according to the Form-4 filing with the securities and exchange commission.

United Natural Foods Inc. is a distributor of natural organic and specialty foods and non-food products in the United States and Canada. It offers products in six product categories: grocery and general merchandise produce perishables and frozen foods nutritional supplements and sports nutrition bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division which includes its natural organic and specialty distribution business in the United States; UNFI Canada which is its natural organic and specialty business in Canada; Albert’s Organics Inc. and Select Nutrition; retail division consisting of EOM which operates its 12 natural products retail stores within the United States; manufacturing division consisting of Woodstock Farms Manufacturing. In July 2014 the Company acquired all of stock of Tony’s Fine Foods making it a wholly-owned subsidiary of the Company.

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