United Natural Foods, Inc. (NYSE:UNFI) Holdings Lifted by Miller Value Partners LLC

Miller Value Partners LLC boosted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 412,500 shares of the company's stock after acquiring an additional 141,385 shares during the quarter. United Natural Foods comprises about 4.8% of Miller Value Partners LLC's investment portfolio, making the stock its 9th biggest position. Miller Value Partners LLC owned 0.69% of United Natural Foods worth $11,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in United Natural Foods by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock worth $96,450,000 after purchasing an additional 314,587 shares during the period. American Century Companies Inc. grew its stake in shares of United Natural Foods by 28.1% in the fourth quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock worth $55,118,000 after acquiring an additional 442,574 shares in the last quarter. Geode Capital Management LLC increased its position in shares of United Natural Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company's stock valued at $22,852,000 after purchasing an additional 14,928 shares during the last quarter. Marshall Wace LLP raised its position in shares of United Natural Foods by 207.0% during the 4th quarter. Marshall Wace LLP now owns 1,357,212 shares of the company's stock worth $37,065,000 after acquiring an additional 915,177 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in United Natural Foods during the 4th quarter valued at approximately $18,161,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Up 1.6 %

Shares of NYSE UNFI traded up $0.41 during midday trading on Friday, reaching $26.19. The company's stock had a trading volume of 493,576 shares, compared to its average volume of 704,484. United Natural Foods, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $34.76. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -16.68 and a beta of 1.08. The stock has a 50 day simple moving average of $26.94 and a 200-day simple moving average of $26.21. 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 (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $8.16 billion during 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Equities research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on UNFI shares. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Wednesday, March 12th. 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. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group upped their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, United Natural Foods presently has a consensus rating of "Hold" and a consensus 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.