Is United Natural Foods (UNFI) Overvalued After Its Earnings Boost?

United Natural Foods has logged a strong share price run in recent years, and with the stock last closing at US$46.82 the immediate question is whether that level is supported by its earnings power. With expectations around efficiency gains, automation and network changes now in play, the key issue is how much of that earnings story is already reflected in today's valuation. Over the past 3 years the stock has returned 148.4%, which puts a lot of weight on whether the current earnings...