United Natural Foods Receives a Sell from Barclays

By Austin Angelo

In a report released yesterday, Karen Short from Barclays maintained a Sell rating on United Natural Foods (NASDAQ: UNFI), with a price target of $37. The company’s shares opened today at $39.44, close to its 52-week low of $38.52.

According to TipRanks.com, Short is a 4-star analyst with an average return of 5.2% and a 60.2% success rate. Short covers the Services sector, focusing on stocks such as Performance Food Group, The Chefs’ Warehouse, and Wal-Mart Stores Inc.

Currently, the analyst consensus on United Natural Foods is Hold and the average price target is $39.17, representing a -0.7% downside.

In a report released yesterday, Pivotal Research also reiterated a Sell rating on the stock with a $32 price target.

United Natural Foods’ market cap is currently $1.98B and has a P/E ratio of 15.48. The company has a book value ratio of 1.2458.

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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. It offers food and non food, frozen, perishables, bulk, body care products and supplements. The company was founded by Michael S. Funk in 1996 and is headquartered in Providence, RI.