Brandywine Global Investment Management LLC Increases Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Brandywine Global Investment Management LLC raised its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 379.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,622 shares of the company's stock after purchasing an additional 159,572 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of United Natural Foods worth $5,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings in United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company's stock worth $1,820,000 after acquiring an additional 84,257 shares during the period. Verition Fund Management LLC raised its stake in United Natural Foods by 92.8% in the third quarter. Verition Fund Management LLC now owns 37,209 shares of the company's stock valued at $626,000 after purchasing an additional 17,914 shares in the last quarter. Erste Asset Management GmbH purchased a new position in United Natural Foods in the 3rd quarter worth approximately $354,000. Point72 Hong Kong Ltd purchased a new stake in shares of United Natural Foods during the 3rd quarter valued at $196,000. Finally, Hauser Brothers GmbH raised its position in United Natural Foods by 0.6% during the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company's stock valued at $15,340,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 87.63% of the company's stock.

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United Natural Foods Trading Down 6.4 %

Shares of United Natural Foods stock traded down $1.80 during trading on Thursday, reaching $26.26. 578,164 shares of the stock were exchanged, compared to its average volume of 705,089. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -16.73 and a beta of 0.56. 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 stock's fifty day moving average is $29.22 and its 200 day moving average is $25.30.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, equities research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on UNFI shares. BMO Capital Markets increased their price objective 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. Wells Fargo & Company boosted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a report on Friday, January 10th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group boosted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Roth Mkm lifted their price objective on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.50.

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.