The firm sited weak third quarter 2015 results.
On Monday, the North American organic food distributor reported net income of $41.8 million, or 78 cents per diluted share, on revenue of $2.11 billion.
Analysts on average were expecting the company to report earnings of 86 cents per share on revenue of $2.14 billion.
However, several positive developments include the company's announcement of two new West-Coast customer wins highlighting the strength of its combined offering with Tony's product and that the company's net inflation is trending more expected than analysts had expected, according to the firm's note.
Shares are gaining 0.58% to $61.09.
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 robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."