Market Overview

Organic & Health Food Stocks Mixed Despite Buy Rating

Share:
Related
Wall Street's M&A Chatter From February 24-26
Earnings Scheduled For February 23, 2017

Several stocks in the organic/health food group saw some mixed action Thursday afternoon despite some bullish new coverage from Tigress Financial.

The firm initiated Buy ratings for the following three food industry companies in a report Thursday.

Pinnacle Foods Inc (NYSE: PF)

Over the long run the Tigress report suggested that “PF’s leveraging [of] cash flow from its Foundation Brands to invest in the innovation of its Leadership Brands will drive increasing shareholder value.”

United Natural Foods, Inc. (NASDAQ: UNFI)

“UNFI is benefiting from growth in the organic food industry and is directly linked to Whole Foods Market, Inc. expansion as it serves as their primary distributor,” according to the Tigress report.

WhiteWave Foods Co (NYSE: WWAV)

The report highlighted that revenues “continue to grow organically and through acquisitions; sales increased 36% in WWAV’s latest financial results, 11% of that organically.” Analyst Philip Van Deusen felt that sales will grow by 19 percent over the next 12 months.

Shares of United Natural Foods are the sole stock trading in positive territory at last check, up about 1.11 percent to $60.80. Shares of Pinnacle Foods are trading down 1.17 percent to $32.11 and WhiteWave shares are down 0.28 percent to $35.40.

Latest Ratings for PF

DateFirmActionFromTo
Feb 2017Deutsche BankInitiates Coverage OnBuy
Jan 2017William BlairInitiates Coverage OnOutperform
Jan 2017PiperJaffrayInitiates Coverage OnOverweight

View More Analyst Ratings for PF
View the Latest Analyst Ratings

Posted-In: Philip Van Deusen Tigress Financial PartnersAnalyst Color Initiation Analyst Ratings

 

Related Articles (UNFI + PF)

View Comments and Join the Discussion!