Brevan Howard Capital Management LP boosted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 32.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,971 shares of the company's stock after acquiring an additional 35,971 shares during the quarter. Brevan Howard Capital Management LP owned 0.24% of United Natural Foods worth $3,986,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $324,000. Amundi boosted its stake in shares of United Natural Foods by 368.8% during the 4th quarter. Amundi now owns 62,830 shares of the company's stock valued at $1,813,000 after buying an additional 49,427 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of United Natural Foods by 118.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock valued at $2,993,000 after acquiring an additional 96,341 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of United Natural Foods during the 4th quarter valued at $656,000. Finally, Adero Partners LLC purchased a new stake in shares of United Natural Foods during the fourth quarter worth $243,000. Hedge funds and other institutional investors own 87.63% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on UNFI. StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price target on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.50.
Read Our Latest Analysis on UNFI
United Natural Foods Price Performance
NYSE UNFI opened at $26.36 on Tuesday. The company has a market cap of $1.60 billion, a P/E ratio of -16.79 and a beta of 1.08. United Natural Foods, Inc. has a 1 year low of $9.44 and a 1 year high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $26.28 and a 200 day simple moving average of $26.44.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.96 billion. During the same quarter last year, the firm posted $0.07 EPS. The company's revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current 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.
Read More
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