Research Reports Initiation on Food Wholesale Stocks -- Sysco, Hain Celestial, US Foods, and United Natural Foods
NEW YORK, March 27, 2017 /PRNewswire/ --
Demand in the Wholesale Food industry is driven largely by demographic shifts, particularly trends in population, age, working women, race and ethnicity, household size, and levels of disposable income. Companies in this space distribute, on a wholesale basis, food products such as frozen, processed, and prepared foods; dairy items; poultry, fish, and meat; fresh produce; and baked goods. This morning, Stock-Callers.com tracks the recent performances of Sysco Corp. (NYSE: SYY), The Hain Celestial Group Inc. (NASDAQ: HAIN), US Foods Holding Corp. (NYSE: USFD), and United Natural Foods Inc. (NASDAQ: UNFI). Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Sysco
Last Friday, shares in Houston, Texas headquartered Sysco Corp. ended the session 0.30% higher at $52.81. The stock recorded a trading volume of 2.94 million shares. The Company's shares are trading 2.57% above their 200-day moving average. Moreover, shares of Sysco, which through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the US, Bahamas, Canada, Ireland, Costa Rica, and Mexico, have a Relative Strength Index (RSI) of 53.51.
On March 24th, 2017, Sysco announced that Ajoy H. Karna has been named Senior Vice President of International Foodservice Operations in Europe, effective April 17th, 2017. Karna will be responsible for Brakes Group, which encompasses Sysco's operations in Europe, including the UK, Ireland, France, Sweden, Spain, Belgium and Luxembourg. Ken McMeikan, Brakes Group's CEO, will remain with the Company for a brief transition period. The free research report on SYY is available at:
http://stock-callers.com/registration/?symbol=SYY
Hain Celestial
Lake Success, New York headquartered The Hain Celestial Group Inc.'s stock declined 0.40%, to close the day at $37.00 with a total trading volume of 481,706 shares. The Company's shares have advanced 6.20% in the past month. The stock is trading 1.05% below its 50-day moving average. Additionally, shares of Hain Celestial, which manufactures, markets, distributes, and sells organic and natural products in the US, the UK, Canada, and Europe, have an RSI of 52.98.
On March 06th, 2017, Hain Celestial announced that it has received a letter on February 28th, 2017, from the Staff of the Listing Qualifications Department of NASDAQ notifying the company that it has not regained compliance with NASDAQ Listing Rule 5250(c)(1). The Company fully intends to timely request a hearing before the NASDAQ Hearings Panel to present its plan for regaining compliance, and request continued listing pending its return to compliance. The complimentary report on HAIN can be downloaded at:
http://stock-callers.com/registration/?symbol=HAIN
US Foods
Shares in Rosemont, Illinois headquartered US Foods Holding Corp. recorded a trading volume of 628,105 shares at the close of the last trading session. The stock ended the day 1.11% higher at $27.40. The Company's shares have advanced 2.39% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.34% and 9.82%, respectively. Furthermore, shares of US Foods, which through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the US, have an RSI of 58.18.
On March 06th, 2017, US Foods announced that it has agreed to acquire SRA Foods, a meat processor and distributor in Birmingham, Alabama, with annual sales of approximately $80 million. The transaction is expected to close in late March 2017. Terms of the acquisition were not disclosed. Visit us today and download our complete research report on USFD for free at:
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United Natural Foods
Providence, Rhode Island headquartered United Natural Foods Inc.'s shares finished Friday's session 1.29% lower at $42.69 with a total trading volume of 363,986 shares. The stock is trading below its 50-day moving average by 5.00%. Shares of the Company, which together with its subsidiaries, distributes and retails natural, organic, and specialty foods and non-food products in the US and Canada, have an RSI of 40.78.
On March 08th, 2017, United Natural Foods reported its financial results for Q2 FY17 ended January 28th, 2017. Net sales increased 11.6% to $2.29 billion compared to Q2 FY16. During the quarter, gross margin increased 56 basis points to 15.09%; net income increased 12.3% to $25.5 million, or $0.50 per diluted share; and EBITDA increased 16.7% to $67.5 million, from Q2 FY16.
On March 09th, 2017, research firm Pivotal Research Group reiterated its 'Sell' rating on the Company's stock with an increase of the target price from $32 a share to $33 a share. Get free access to your technical report on UNFI at:
http://stock-callers.com/registration/?symbol=UNFI
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