Enhancing Capital LLC bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,706 shares of the company's stock, valued at approximately $347,000.
Several other large investors also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC increased its holdings in United Natural Foods by 142.7% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 72,242 shares of the company's stock worth $1,973,000 after acquiring an additional 42,470 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in United Natural Foods by 84.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,039 shares of the company's stock valued at $3,278,000 after buying an additional 55,122 shares in the last quarter. HighTower Advisors LLC purchased a new position in United Natural Foods during the 4th quarter valued at about $2,867,000. Amundi grew its holdings in United Natural Foods by 368.8% during the 4th quarter. Amundi now owns 62,830 shares of the company's stock valued at $1,813,000 after buying an additional 49,427 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in United Natural Foods during the 4th quarter valued at about $1,532,000. Hedge funds and other institutional investors own 87.63% of the company's stock.
United Natural Foods Price Performance
NYSE:UNFI traded up $0.08 during mid-day trading on Friday, reaching $26.15. The stock had a trading volume of 1,821,514 shares, compared to its average volume of 678,397. The firm has a 50 day moving average price of $29.37 and a two-hundred day moving average price of $24.62. The stock has a market capitalization of $1.58 billion, a P/E ratio of -16.65 and a beta of 0.56. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.
Analysts Set New Price Targets
UNFI has been the subject of a number of recent analyst reports. Roth Mkm lifted their target price on United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Guggenheim reaffirmed a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group lifted their price target on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets lifted their price target on 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.50.
Read Our Latest Stock Analysis 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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