BTIG analyst Peter Saleh has maintained their neutral stance on UNFI stock, giving a Hold rating on September 21.
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Peter Saleh has given his Hold rating due to a combination of factors including United Natural Foods’ recent performance and future outlook. The company posted slightly better than expected results for the quarter, with high single-digit sales growth in the Natural segment and a successful navigation of a recent cybersecurity incident. However, despite these positive developments, the company’s structural challenges and modest profitability remain concerns.
Additionally, while the FY26 outlook is promising with expectations of low single-digit sales growth and low-teens adjusted EBITDA growth, there is a history of the company struggling to meet multi-year targets. The upcoming investor day is expected to shed more light on long-term objectives, but current uncertainties and the modest nature of profitability contribute to the Hold rating. The valuation, based on EV/EBITDA, also reflects these mixed signals, supporting a neutral stance on the stock.
In another report released on September 21, Guggenheim also maintained a Hold rating on the stock with a $0.00 price target.