United Natural Foods (UNFI) is Initiated by Wells Fargo to Market Perform

United Natural Foods (UNFI) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on United Natural Foods. United Natural Foods was Downgraded by Morgan Stanley to ” Underweight” on Apr 11, 2016. Company shares were Reiterated by Barclays on Mar 8, 2016 to “Underweight”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Shares were Reiterated by Wedbush on Mar 1, 2016 to “Neutral” and Lowered the Price Target to $ 32 from a previous price target of $47 .

On the company’s financial health, United Natural Foods reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.48. The company had revenue of $2047.70 million for the quarter, compared to analysts expectations of $2048.28 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

United Natural Foods closed down -2.29 points or -6.19% at $34.73 with 12,95,077 shares getting traded on Monday. Post opening the session at $35.9, the shares hit an intraday low of $34.61 and an intraday high of $36.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 20, 2015, Thomas A Dziki (CHRSO) sold 19,195 shares at $53.94 per share price. According to the SEC, 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.

United Natural Foods

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