Norges Bank Purchases New Position in United Natural Foods, Inc. (NYSE:UNFI)

Norges Bank bought a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,500 shares of the company's stock, valued at approximately $1,079,000. Norges Bank owned about 0.07% of United Natural Foods at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in United Natural Foods by 146.8% during the 4th quarter. JPMorgan Chase & Co. now owns 439,109 shares of the company's stock valued at $11,992,000 after purchasing an additional 261,172 shares during the period. LPL Financial LLC increased its position in shares of United Natural Foods by 11.2% during the fourth quarter. LPL Financial LLC now owns 204,499 shares of the company's stock valued at $5,585,000 after buying an additional 20,652 shares during the period. KLP Kapitalforvaltning AS bought a new position in United Natural Foods in the fourth quarter worth about $341,000. Sei Investments Co. purchased a new stake in United Natural Foods in the fourth quarter worth about $2,213,000. Finally, American Century Companies Inc. lifted its holdings in United Natural Foods by 28.1% in the fourth quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock worth $55,118,000 after buying an additional 442,574 shares during the period. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI traded down $0.58 during mid-day trading on Tuesday, reaching $24.06. The company's stock had a trading volume of 366,162 shares, compared to its average volume of 711,192. 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 stock has a market cap of $1.46 billion, a P/E ratio of -15.32 and a beta of 1.08. The firm's fifty day moving average price is $28.21 and its two-hundred day moving average price is $25.87. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $34.76.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UNFI. Wells Fargo & Company increased 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. CL King raised 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. The Goldman Sachs Group upped their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.50.

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.