United Natural Foods Gets a Hold Rating from BMO Capital

By Jason Carr

BMO Capital analyst Kelly Bania reiterated a Hold rating on United Natural Foods (NASDAQ: UNFI) yesterday and set a price target of $38. The company’s shares closed yesterday at $32.79, close to its 52-week high of $49.74.

According to TipRanks.com, Bania is ranked 0 out of 5 stars with an average return of -6.5% and a 42.6% success rate. Bania covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and The Chefs’ Warehouse.

United Natural Foods has an analyst consensus of Hold, with a price target consensus of $36.86.

United Natural Foods’ market cap is currently $1.66B and has a P/E ratio of 13.17. The company has a book value ratio of 1.0186.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UNFI in relation to earlier this year. Most recently, in June 2017, Peter Roy, a Director at UNFI bought 4,000 shares for a total of $108,920.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and related products. It operates through the Wholesale and Other segments. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment engages in other activities of the firm.