Morgan Stanley Downgrades United Natural Foods to Underweight

Brokerage firm Morgan Stanley Downgrades its rating on United Natural Foods(NASDAQ:UNFI). The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Apr 11, 2016.

In a different note, On Mar 8, 2016, Barclays said it Maintains its rating on United Natural Foods. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Underweight’ by the firm. On Mar 8, 2016, Canaccord Genuity said it Maintains its rating on United Natural Foods. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 1, 2016, Barclays said it Maintains its rating on United Natural Foods. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Underweight’ by the firm. On Mar 1, 2016, Jefferies said it Downgrades its rating on United Natural Foods. The shares have been rated ‘Hold’ by the firm. On Feb 5, 2016, RBC Capital said it Upgrades its rating on United Natural Foods. The shares have been rated ‘Sector Perform’ by the firm.

United Natural Foods (UNFI) made into the market gainers list on Fridays trading session with the shares advancing 1.68% or 0.59 points. Due to strong positive momentum, the stock ended at $35.64, which is also near the day’s high of $35.83. The stock began the session at $35.01 and the volume stood at 5,52,899 shares. The 52-week high of the shares is $73.75 and the 52 week low is $29.75. The company has a current market capitalization of $1,794 M and it has 5,03,32,050 shares in outstanding.

United Natural Foods(UNFI) last announced its earnings results on Mar 7, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.02B. Analysts had an estimated revenue of $2.05B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.49.

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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