American Century Companies Inc. lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 28.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,018,248 shares of the company's stock after acquiring an additional 442,574 shares during the period. American Century Companies Inc. owned 3.37% of United Natural Foods worth $55,118,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after purchasing an additional 372 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of United Natural Foods in the 4th quarter valued at about $37,000. GAMMA Investing LLC boosted its position in shares of United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after purchasing an additional 639 shares during the period. Smartleaf Asset Management LLC grew its stake in United Natural Foods by 186.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock worth $65,000 after buying an additional 1,557 shares during the last quarter. Finally, Blue Trust Inc. increased its position in United Natural Foods by 200.2% during the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company's stock worth $87,000 after buying an additional 2,128 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased 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. Wells Fargo & Company upped their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. Roth Mkm upped their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.50.
Read Our Latest Stock Report on United Natural Foods
United Natural Foods Price Performance
UNFI stock traded down $0.30 during trading on Friday, reaching $26.67. 588,837 shares of the company were exchanged, compared to its average volume of 704,721. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The stock's 50 day moving average price is $29.26 and its 200 day moving average price is $25.10. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The company has a market cap of $1.61 billion, a P/E ratio of -16.99 and a beta of 0.56.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 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 business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same period in the previous year, the firm earned $0.07 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.
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.
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