NEW YORK (TheStreet) -- United Natural Foods (UNFI) - Get Report stock is down 6.58% to $76.12 in afternoon trading Tuesday after Oppenheimer cut its price target to $90 from $95, while maintaining an "outperform" rating, following a second quarter earnings miss yesterday. 

United Natural Foods is a distributor of natural, organic and specialty foods and non-food products in the U.S. and Canada.

"Elevated out-of-stocks and FX headwinds limited earnings upside," Oppenheimer said.

The company reported earnings of 65 cents per share, lower than consensus estimates of 67 cents per share.  

Above-plan sales at Tony's Fine Foods offset weakness in the supermarket channel, while operating margins were weaker than expected, the firm noted during the quarter. Tony's was acquired last July.

United Natural Foods now expects fiscal year earnings for 2015 of $2.90-$2.99 per share versus prior expectations of $2.88-$3.01 per share, according to management. Analysts said that this is predicated on sales of $8.19 billion-$8.29 billion versus $8.13-$8.38 billion, respectively.

"We continue to look favorably on United Natural Foods' prospects and would utilize any pullback as a buying opportunity," analysts said, adding that they are optimistic that trends will reaccelerate with normalizing out-of-stocks as the company moves past other challenges. 

Separately, TheStreet Ratings team rates UNITED NATURAL FOODS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNITED NATURAL FOODS INC (UNFI) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The revenue growth came in higher than the industry average of 0.0%. Since the same quarter one year prior, revenues rose by 24.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
• UNITED NATURAL FOODS INC has improved earnings per share by 17.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, UNITED NATURAL FOODS INC increased its bottom line by earning $2.52 versus $2.18 in the prior year. This year, the market expects an improvement in earnings ($2.97 versus $2.52).
• The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Food & Staples Retailing industry average. The net income increased by 19.0% when compared to the same quarter one year prior, going from $27.76 million to $33.04 million.
• The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
• The current debt-to-equity ratio, 0.43, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.83 is somewhat weak and could be cause for future problems.
• You can view the full analysis from the report here: UNFI Ratings Report