United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) shares rose 3.9% on Friday . The company traded as high as $16.42 and last traded at $16.42. Approximately 212,054 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 643,787 shares. The stock had previously closed at $15.80.
Wall Street Analyst Weigh In
A number of research firms have recently commented on UNFI. Roth Mkm boosted their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. UBS Group boosted their price target on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, June 6th. Finally, StockNews.com upgraded shares of United Natural Foods from a "sell" rating to a "hold" rating in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.60.
Check Out Our Latest Stock Analysis on UNFI
United Natural Foods Stock Up 3.0 %
The firm has a market capitalization of $968.17 million, a price-to-earnings ratio of -6.80 and a beta of 0.64. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average of $14.31 and a 200-day moving average of $12.52.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in UNFI. Charles Schwab Investment Management Inc. grew its holdings in shares of United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company's stock valued at $12,102,000 after buying an additional 115,308 shares in the last quarter. Jump Financial LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $227,000. Trexquant Investment LP purchased a new stake in shares of United Natural Foods in the fourth quarter worth approximately $2,224,000. Quest Partners LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $35,000. Finally, Aigen Investment Management LP purchased a new position in United Natural Foods during the fourth quarter valued at approximately $196,000. 87.63% of the stock is owned by hedge funds and other institutional investors.
United Natural Foods Company Profile
(
Get 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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