United Natural Foods, Inc. (NYSE:UNFI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 146.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,109 shares of the company's stock after acquiring an additional 261,172 shares during the quarter. JPMorgan Chase & Co. owned about 0.73% of United Natural Foods worth $11,992,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UNFI. Versant Capital Management Inc grew its position 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 valued at $25,000 after purchasing an additional 372 shares during the period. Ballentine Partners LLC lifted its holdings in shares of United Natural Foods by 3.5% during the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after acquiring an additional 521 shares during the period. GAMMA Investing LLC boosted its position 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 last quarter. Yousif Capital Management LLC increased its position in United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock worth $873,000 after purchasing an additional 834 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 87.63% of the company's stock.

Wall Street Analysts Forecast Growth

UNFI has been the topic of several research reports. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company 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 report on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.50.

United Natural Foods Stock Up 1.6 %

UNFI stock traded up $0.40 during trading on Friday, reaching $24.63. The stock had a trading volume of 698,951 shares, compared to its average volume of 706,300. The firm has a fifty day moving average price of $27.73 and a 200 day moving average price of $25.92. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1.49 billion, a P/E ratio of -15.69 and a beta of 1.08. 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 quarterly 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 positive return on equity of 1.27% and a negative net margin of 0.30%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the business posted $0.07 earnings per share. United Natural Foods's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

United Natural Foods 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.