BMO Capital Reiterates Market Perform on United Natural Foods (UNFI) Following 4Q EPS Beat
BMO Capital reiterated a Market Perform rating and $45.00 price target on United Natural Foods (NASDAQ: UNFI) following the company's 4Q earnings report. UNFI reported adjusted EPS of $0.70 compared with the consensus of $0.63.
Analyst Kelly Bania commented, "UNFI reported better-than-expected adjusted FY4Q16 EPS of $0.70 versus our forecast of $0.64 and consensus $0.63. UNFI also provided initial FY2017 GAAP EPS guidance of $2.53-2.63 which at the midpoint is about 4-5% below our forecast of $2.72 and consensus of $2.68."
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Shares of United Natural Foods closed at $41.82 yesterday.