United Natural Foods

UNFI · NYSE

$46.48+$0.23 (+0.50%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $46.25

UNFI analyst rating

HoldConsensus of 5 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform0
Sell0

12-month price target · 10 analysts

Average $54.06 (+16.3% upside)

Low: $45.45
Now: $46.48
High: $64.05

Upgrades and downgrades

The latest rating actions, newest first

UNFI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Deutsche Bank	Sep 11, 2026	Maintains	Hold	$46.00 → $53.00	58%
Roth Capital	Sep 10, 2026	Maintains	Neutral	$43.00 → $45.00	42%
UBS	Sep 9, 2026	Maintains	Neutral	$47.00 → $50.00	64%
UBS	Jun 10, 2026	Maintains	Neutral	$44.00 → $47.00	64%
Wells Fargo	Mar 26, 2026	Upgrade	Equal-Weight → Overweight	$40.00 → $56.00	60%
Deutsche Bank	Mar 12, 2026	Maintains	Hold	$40.00 → $46.00	58%
UBS	Mar 11, 2026	Maintains	Neutral	$42.00 → $44.00	64%
Wells Fargo	Mar 11, 2026	Maintains	Equal-Weight	$35.00 → $40.00	60%
BMO Capital	Mar 11, 2026	Maintains	Outperform	$48.00 → $52.00	67%
Wells Fargo	Dec 19, 2025	Maintains	Equal-Weight	$37.00 → $35.00	60%

The case for and against

Updated May 30, 2025

Bull case

United Natural Foods Inc. has seen notable improvements in its operational metrics, including enhanced shrink management, improved distribution center (DC) utilization, and increased customer satisfaction, contributing to a more favorable outlook for the company. The implementation of Lean Six Sigma methodologies is delivering significant operational efficiencies, with improvements in fill rates and on-time delivery as well as expected growth in sales per labor hour. Additionally, the company achieved its first volume growth since early 2022, driven by market share gains, alongside a projected increase in adjusted EBITDA to $555 million, signaling positive momentum despite ongoing gross margin pressures.

Bear case

United Natural Foods Inc faces potential downside risks primarily due to unforeseen issues impacting revenue and synergy capture, alongside lower free cash flow generation, which could prolong the company's deleveraging process. The decline in selling, general, and administrative (SG&A) expenses, despite stronger sales, suggests maturing growth rates and raises concerns about customer solvency amidst higher financial leverage and operational challenges from prior acquisitions. Additionally, weaker than expected gross margins, driven by adverse product mix shifts and increased penetration in lower-margin channels, further complicate the company's financial outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.