State Street Corp boosted its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,383,733 shares of the company's stock after buying an additional 34,522 shares during the quarter. State Street Corp owned approximately 3.98% of United Natural Foods worth $40,094,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of United Natural Foods during the second quarter worth approximately $28,000. Van ECK Associates Corp boosted its holdings in United Natural Foods by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company's stock valued at $86,000 after purchasing an additional 716 shares during the period. Canada Pension Plan Investment Board bought a new stake in United Natural Foods in the 2nd quarter valued at $94,000. Innealta Capital LLC bought a new position in shares of United Natural Foods during the 2nd quarter worth about $97,000. Finally, Quest Partners LLC acquired a new position in shares of United Natural Foods during the third quarter valued at about $157,000. Institutional investors own 87.63% of the company's stock.
United Natural Foods Price Performance
Shares of United Natural Foods stock traded down $0.33 during mid-day trading on Friday, reaching $25.88. 2,739,216 shares of the stock were exchanged, compared to its average volume of 704,576. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $32.20. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -16.48 and a beta of 0.64. The firm has a 50-day simple moving average of $23.14 and a 200 day simple moving average of $17.63. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The firm had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, sell-side analysts predict that United Natural Foods, Inc. will post 0.72 EPS for the current fiscal year.
Insider Buying and Selling at United Natural Foods
In other news, insider Danielle Benedict sold 9,050 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total transaction of $200,005.00. Following the transaction, the insider now directly owns 88,218 shares in the company, valued at approximately $1,949,617.80. This 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 accessible through this link. Corporate insiders own 2.10% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on United Natural Foods from $15.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. UBS Group lifted their price target 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. Guggenheim restated a "neutral" rating on shares of United Natural Foods in a research note on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 11th. Finally, Roth Mkm increased their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and a consensus price target of $22.60.
View Our Latest Stock Analysis on UNFI
About United Natural Foods
(
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.
Featured Stories
Before you consider United Natural Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Natural Foods wasn't on the list.
While United Natural Foods currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
