Arrowstreet Capital Limited Partnership Grows Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Arrowstreet Capital Limited Partnership increased its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 162.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 587,697 shares of the company's stock after purchasing an additional 363,962 shares during the period. Arrowstreet Capital Limited Partnership owned 0.98% of United Natural Foods worth $16,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UNFI. Virtu Financial LLC acquired a new stake in shares of United Natural Foods during the 4th quarter worth about $324,000. Amundi boosted its position in shares of United Natural Foods by 368.8% during the 4th quarter. Amundi now owns 62,830 shares of the company's stock worth $1,813,000 after purchasing an additional 49,427 shares during the period. State Street Corp boosted its position in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company's stock worth $40,094,000 after purchasing an additional 34,522 shares during the period. JPMorgan Chase & Co. lifted its stake in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after purchasing an additional 96,341 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of United Natural Foods in the fourth quarter valued at $656,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UNFI shares. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research report on Wednesday. Roth Mkm upped their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company lifted their target price on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.50.

United Natural Foods Stock Up 6.6 %

United Natural Foods stock traded up $1.56 during midday trading on Wednesday, reaching $25.19. The company's stock had a trading volume of 1,206,250 shares, compared to its average volume of 713,589. The company has a market cap of $1.52 billion, a P/E ratio of -16.04 and a beta of 1.08. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $28.57 and a 200-day simple moving average of $25.65. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. On average, research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

United Natural Foods Company Profile

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.