Counterpoint Mutual Funds LLC lifted its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 142.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,242 shares of the company's stock after purchasing an additional 42,470 shares during the period. United Natural Foods makes up 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 9th largest holding. Counterpoint Mutual Funds LLC owned 0.12% of United Natural Foods worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in UNFI. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of United Natural Foods by 84.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,039 shares of the company's stock worth $3,278,000 after buying an additional 55,122 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of United Natural Foods in the fourth quarter valued at about $2,867,000. Amundi grew its position in shares of United Natural Foods by 368.8% in the fourth quarter. Amundi now owns 62,830 shares of the company's stock valued at $1,813,000 after purchasing an additional 49,427 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of United Natural Foods during the 4th quarter worth approximately $1,532,000. Finally, Raymond James Financial Inc. acquired a new position in shares of United Natural Foods during the 4th quarter worth approximately $462,000. Hedge funds and other institutional investors own 87.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on UNFI. Roth Mkm increased their target price on United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. CL King raised 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. BMO Capital Markets upped 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 note on Wednesday, December 11th. The Goldman Sachs Group upped their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.50.
Check Out Our Latest Report on United Natural Foods
United Natural Foods Stock Performance
UNFI stock traded up $0.08 on Friday, reaching $26.15. 1,821,514 shares of the company were exchanged, compared to its average volume of 679,669. The firm has a market capitalization of $1.58 billion, a PE ratio of -16.65 and a beta of 0.56. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $34.76. The stock's fifty day moving average price is $29.39 and its 200 day moving average price is $24.48. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.
United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same period last year, the business posted $0.07 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.
United Natural Foods Company Profile
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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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