NEW YORK ( TheStreet) -- United Natural Foods (Nasdaq: UNFI) hit a new 52-week high Thursday as it is currently trading at $50.48, above its previous 52-week high of $50.40 with 98,544 shares traded as of 11:25 a.m. ET. Average volume has been 322,100 shares over the past 30 days. United Natural has a market cap of $2.39 billion and is part of the services sector and wholesale industry. Shares are up 24.6% year to date as of the close of trading on Wednesday. United Natural Foods, Inc., together with its subsidiaries, engages in the distribution and retail of natural, organic, and specialty foods, as well as non-food products in the United States and Canada. The company has a P/E ratio of 30.7, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates United Natural as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full United Natural Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.