Oppenheimer Keeps Their Hold Rating on United Natural Foods (UNFI)


Oppenheimer analyst Rupesh Parikh maintained a Hold rating on United Natural Foods (UNFI) today. The company’s shares closed last Wednesday at $15.86.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.3% and a 65.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.

United Natural Foods has an analyst consensus of Moderate Buy, with a price target consensus of $22.20, which is a 35.6% upside from current levels. In a report released today, Jefferies also maintained a Hold rating on the stock with a $17.00 price target.

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Based on United Natural Foods’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $7.69 billion and net profit of $52.37 million. In comparison, last year the company earned revenue of $7.33 billion and had a net profit of $19.2 million.

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United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the following segments: Wholesale and Other. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale 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.

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