United Natural Foods Receives a Hold from RBC Capital

By Carrie Williams

In a report released yesterday, William Kirk from RBC Capital reiterated a Hold rating on United Natural Foods (NASDAQ: UNFI), with a price target of $34. The company’s shares opened today at $39.79.

According to TipRanks.com, Kirk is a 1-star analyst with an average return of -1.4% and a 47.4% success rate. Kirk covers the Services sector, focusing on stocks such as Performance Food Group, Wal-Mart Stores Inc, and Natural Grocers.

Currently, the analyst consensus on United Natural Foods is Hold and the average price target is $40.40, representing a 1.5% upside.

In a report issued on May 25, Jefferies also reiterated a Hold rating on the stock with a $44 price target.

The company has a one year high of $52.18 and a one year low of $36.91. Currently, United Natural Foods has an average volume of 759.9K.

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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.