United Natural Foods (UNFI) is Reiterated by Piper Jaffray to Neutral, Raises Price Target to $ 40

United Natural Foods (UNFI) was Reiterated by Piper Jaffray to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $33 . Piper Jaffray advised their investors in a research report released on Jun 7, 2016.

Many Wall Street Analysts have commented on United Natural Foods. United Natural Foods was Initiated by Wells Fargo to “Market Perform” on Apr 15, 2016. United Natural Foods was Downgraded by Morgan Stanley to ” Underweight” on Apr 11, 2016.

On the company’s financial health, United Natural Foods reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $0.66. The company had revenue of $2132.00 million for the quarter, compared to analysts expectations of $2157.73 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

United Natural Foods closed down -0.08 points or -0.21% at $38.61 with 10,27,110 shares getting traded on Friday. Post opening the session at $38.76, the shares hit an intraday low of $37.26 and an intraday high of $38.78 and the price fluctuated in this range throughout the day.Shares ended Friday 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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