Renaissance Technologies LLC Has $5.56 Million Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Renaissance Technologies LLC lowered its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,650 shares of the company's stock after selling 113,000 shares during the quarter. Renaissance Technologies LLC owned about 0.34% of United Natural Foods worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in UNFI. Versant Capital Management Inc grew its position in United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after buying an additional 372 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods in the fourth quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods during the fourth quarter valued at approximately $37,000. GAMMA Investing LLC raised its holdings in United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in 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 purchasing an additional 1,557 shares during the period. Institutional investors own 87.63% of the company's stock.

United Natural Foods Trading Down 0.1 %

Shares of NYSE:UNFI traded down $0.04 during midday trading on Friday, reaching $25.75. The company had a trading volume of 113,910 shares, compared to its average volume of 702,626. The company has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $26.08. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -16.40 and a beta of 1.08. United Natural Foods, Inc. has a 1-year low of $8.66 and a 1-year high of $34.76. 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 (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates 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 business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

UNFI has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company raised their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.50.

United Natural Foods Company 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.