Point72 Asset Management L.P. Invests $364,000 in United Natural Foods, Inc. (NYSE:UNFI)

Point72 Asset Management L.P. bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,636 shares of the company's stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Management Group Inc. grew its stake in United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company's stock valued at $23,235,000 after purchasing an additional 587,163 shares during the last quarter. American Century Companies Inc. raised its stake in shares of United Natural Foods by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 1,267,280 shares of the company's stock worth $16,601,000 after acquiring an additional 237,496 shares in the last quarter. Hauser Brothers GmbH boosted its stake in United Natural Foods by 0.6% in the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company's stock valued at $15,340,000 after acquiring an additional 5,000 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in United Natural Foods by 4.0% in the second quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company's stock worth $4,494,000 after purchasing an additional 13,165 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of United Natural Foods by 86.6% during the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company's stock worth $3,461,000 after purchasing an additional 122,626 shares in the last quarter. Institutional investors own 87.63% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday. Guggenheim restated a "neutral" rating on shares of United Natural Foods in a report on Thursday. The Goldman Sachs Group lifted their target price on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating in a research note on Friday, October 11th. Finally, UBS Group lifted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.60.

Insiders Place Their Bets

In other news, insider Danielle Benedict sold 9,050 shares of United Natural Foods stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the sale, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI traded up $0.03 during mid-day trading on Friday, hitting $28.49. The company's stock had a trading volume of 735,247 shares, compared to its average volume of 694,272. The business's fifty day moving average is $22.43 and its two-hundred day moving average is $17.11. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -18.15 and a beta of 0.64. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.52. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $32.20.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. 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 $7.90 billion for the quarter, compared to analyst estimates of $7.61 billion. During the same period last year, the company earned ($0.04) earnings per share. United Natural Foods's revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts anticipate that United Natural Foods, Inc. will post 0.66 EPS for the current fiscal year.

About United Natural Foods

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.