BMO Capital Remains Sidelined on United Natural Foods (UNFI) Following 1Q EPS Miss

BMO Capital reiterated a Market Perform rating and $45.00 price target on United Natural Foods (NASDAQ: UNFI) following the company's 1Q earnings report. UNFI reported EPS of $0.58, missing the Consensus estimate of $0.62. Management reiterated FY2017 EPS guidance of $2.53-2.63 vs. the Consensus of $2.60.

Analyst Kelly Bania commented, "UNFI reported F1Q17 EPS of $0.58 (down 9% y/y) versus our forecast of $0.60 and Consensus $0.62 given slightly weaker sales and operating margins. Despite the softer start to the year, full year FY2017 EPS and sales guidance was unchanged. We rate UNFI shares Market Perform with a $45 price target."

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 $49.09 yesterday.

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