Sei Investments Co. Buys New Stake in United Natural Foods, Inc. (NYSE:UNFI)

Sei Investments Co. bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 81,033 shares of the company's stock, valued at approximately $2,213,000. Sei Investments Co. owned about 0.14% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company's stock valued at $1,820,000 after acquiring an additional 84,257 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of United Natural Foods by 92.8% in the 3rd quarter. Verition Fund Management LLC now owns 37,209 shares of the company's stock valued at $626,000 after purchasing an additional 17,914 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of United Natural Foods in the 3rd quarter worth approximately $364,000. State Street Corp increased its position in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company's stock valued at $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in United Natural Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company's stock valued at $22,852,000 after buying an additional 14,928 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UNFI shares. Roth Mkm raised their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. BMO Capital Markets increased their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted 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. Finally, 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 report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Down 5.5 %

Shares of UNFI traded down $1.38 during mid-day trading on Thursday, hitting $23.80. The company's stock had a trading volume of 898,670 shares, compared to its average volume of 713,893. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -15.16 and a beta of 1.08. The company's 50-day moving average is $28.46 and its 200-day moving average is $25.70. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76.

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