Virtu Financial LLC acquired a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,872 shares of the company's stock, valued at approximately $324,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after purchasing an additional 372 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of United Natural Foods by 3.5% during the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after buying an additional 521 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after acquiring an additional 639 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of United Natural Foods by 2.7% in the 4th quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock worth $873,000 after acquiring an additional 834 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in United Natural Foods during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 87.63% of the company's stock.
United Natural Foods Trading Up 0.8 %
UNFI stock traded up $0.21 during midday trading on Tuesday, reaching $27.60. The stock had a trading volume of 765,925 shares, compared to its average volume of 706,294. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $34.76. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -17.58 and a beta of 0.56. The business has a fifty day simple moving average of $29.23 and a two-hundred day simple moving average of $25.28.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. During the same quarter in the previous year, the company earned $0.07 EPS. United Natural Foods's revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on UNFI shares. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research report on Wednesday, March 12th. Guggenheim reaffirmed a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company upped their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, United Natural Foods presently has an average rating of "Hold" and a consensus target price of $27.50.
Read Our Latest Research Report on United Natural Foods
About United Natural Foods
(
Free Report)
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.
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