Piper Jaffray Remains Bullish on United Natural Foods (UNFI) Following 4Q15

Piper Jaffray maintained an Overweight rating and $56.00 price target on United Natural Foods (NASDAQ: UNFI) following the company's 4Q15 earning results. UNFI reported Q4 results in-line with pre-announced figures. Management reiterated its focus on gourmet/ethnic and fresh foods and its importance to the growth
algorithm moving forward.

Analyst Sean Naughton commented, "UNFI reported Q4 results in-line with pre-announced figures a few weeks ago; the highlight and focus of the call centered on continued sales momentum in the current quarter with the organic growth at +8.4% over the past 6 weeks (excluding the customer loss). We believe this will be received favorably as trends continue to show signs of stabilization. Going forward, we believe UNFI has the capacity and expertise to capitalize on the fresh foods and ethnic trends which will be an important piece of the growth algorithm moving forward. Overall, we think improving trends should provide some relief for UNFI shares and reiterate our Overweight rating at these depressed levels."

For an analyst ratings summary and ratings history on United Natural Foods click here. For more ratings news on United Natural Foods click here.

Shares of United Natural Foods closed at $50.67 yesterday.

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