United Natural Foods (NASDAQ:UNFI) announced its earnings results on Thursday. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.05, AnalystRatings.Net reports. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.51 earnings per share. United Natural Foods’s revenue was up 22.2% compared to the same quarter last year. United Natural Foods updated its FY14 guidance to $2.40-2.50 EPS.
A number of research firms have recently commented on UNFI. Analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Monday, August 5th. They now have a $63.00 price target on the stock. Analysts at Piper Jaffray Cos. upgraded shares of United Natural Foods (NASDAQ:UNFI) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, June 19th. They now have a $64.00 price target on the stock, up previously from $57.00.
Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $62.00.
United Natural Foods (NASDAQ:UNFI) traded up 1.97% on Thursday, hitting $59.97. 422,186 shares of the company’s stock traded hands. United Natural Foods has a 52 week low of $47.20 and a 52 week high of $62.95. The stock has a 50-day moving average of $60.24 and a 200-day moving average of $54.18. The company has a market cap of $2.957 billion and a P/E ratio of 28.83.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.