Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 84.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,039 shares of the company's stock after purchasing an additional 55,122 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of United Natural Foods worth $3,278,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of UNFI. Versant Capital Management Inc increased its stake in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after acquiring an additional 372 shares during the period. GAMMA Investing LLC increased 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 worth $55,000 after acquiring an additional 639 shares during the period. Smartleaf Asset Management LLC increased its stake 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 worth $65,000 after acquiring an additional 1,557 shares during the period. Blue Trust Inc. increased its stake in shares of United Natural Foods by 200.2% in the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company's stock worth $87,000 after acquiring an additional 2,128 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of United Natural Foods in the third quarter worth $157,000. Institutional investors and hedge funds own 87.63% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on UNFI shares. The Goldman Sachs Group increased their price target 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. Wells Fargo & Company increased their price target 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. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. Roth Mkm increased their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, United Natural Foods presently has a consensus rating of "Hold" and an average target price of $27.50.
View Our Latest Stock Analysis on UNFI
United Natural Foods Price Performance
Shares of NYSE UNFI traded up $0.08 during mid-day trading on Friday, reaching $26.15. The company's stock had a trading volume of 1,643,014 shares, compared to its average volume of 678,958. The stock has a 50-day moving average of $29.39 and a two-hundred day moving average of $24.48. The stock has a market capitalization of $1.58 billion, a P/E ratio of -16.65 and a beta of 0.56. 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, Inc. has a 1-year low of $8.58 and a 1-year 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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. During the same period in the prior year, the business earned $0.07 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.
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.
Read More
Before you consider United Natural Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Natural Foods wasn't on the list.
While United Natural Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
