Algert Global LLC Makes New Investment in United Natural Foods, Inc. (NYSE:UNFI)

Algert Global LLC purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,890 shares of the company's stock, valued at approximately $1,253,000. Algert Global LLC owned 0.08% of United Natural Foods at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AXA S.A. acquired a new stake in United Natural Foods during the 4th quarter worth approximately $282,000. Voleon Capital Management LP bought a new stake in United Natural Foods in the 4th quarter valued at $1,498,000. Northern Trust Corp boosted its stake in United Natural Foods by 18.6% in the 4th quarter. Northern Trust Corp now owns 756,585 shares of the company's stock worth $20,662,000 after purchasing an additional 118,817 shares during the period. Quarry LP increased its holdings in United Natural Foods by 135.6% during the 4th quarter. Quarry LP now owns 2,667 shares of the company's stock worth $73,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of United Natural Foods in the 4th quarter valued at about $47,000. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of UNFI opened at $27.65 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a 50-day moving average of $26.02 and a 200-day moving average of $26.53. The company has a market cap of $1.67 billion, a PE ratio of -17.61 and a beta of 1.08. United Natural Foods, Inc. has a one year low of $9.80 and a one year high of $34.76.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company lifted their price objective 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. StockNews.com upgraded shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. 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 research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods 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.

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