Bailard Inc. acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,107 shares of the company's stock, valued at approximately $331,000.
Several other large investors have also made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after acquiring an additional 1,557 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of United Natural Foods in the fourth quarter valued at about $248,000. Versor Investments LP purchased a new position in shares of United Natural Foods in the fourth quarter valued at about $475,000. Proficio Capital Partners LLC purchased a new position in shares of United Natural Foods in the fourth quarter valued at about $277,000. Finally, Bank of New York Mellon Corp lifted its position in shares of United Natural Foods by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 431,971 shares of the company's stock valued at $11,797,000 after acquiring an additional 4,260 shares in the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.
United Natural Foods Trading Down 1.6 %
UNFI stock traded down $0.45 during midday trading on Friday, reaching $26.93. 947,276 shares of the company traded hands, compared to its average volume of 615,299. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week 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. The business has a 50 day moving average of $29.72 and a 200-day moving average of $23.63. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -17.15 and a beta of 0.62.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the prior year, the business posted ($0.04) earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective 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. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 11th. Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on 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 analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, United Natural Foods has a consensus rating of "Hold" and an average target price of $26.40.
View Our Latest Research Report on United Natural Foods
United Natural Foods Company Profile
(
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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