Standpoint Research Downgrades United Natural Foods to Hold

Brokerage firm Standpoint Research Downgrades its rating on United Natural Foods(NASDAQ:UNFI). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Standpoint Research was issued on Jun 7, 2016.

In a different note, On Apr 16, 2016, Barclays said it Terminates its rating on United Natural Foods. On Apr 5, 2016, Citigroup said it Maintains its rating on United Natural Foods. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Buy’ by the firm.

United Natural Foods (UNFI) shares turned negative on Fridays trading session with the shares closing down -1.45 points or -3.31% at a volume of 11,86,008. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.8. The peak price level was also seen at $43.8 while the days lowest was $42.2. Finally the shares closed at $42.35. The 52-week high of the shares is $64.9 while the 52-week low is $29.75. According to the latest information available, the market cap of the company is $2,134 M.

United Natural Foods(UNFI) last announced its earnings results on Jun 6, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.13B. Analysts had an estimated revenue of $2.16B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.66.

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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