D. E. Shaw & Co. Inc. boosted its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,886,938 shares of the company's stock after buying an additional 110,608 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 4.82% of United Natural Foods worth $78,842,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. purchased a new position in United Natural Foods in the fourth quarter valued at $27,000. Harvest Fund Management Co. Ltd purchased a new position in United Natural Foods in the fourth quarter valued at $37,000. Aquatic Capital Management LLC purchased a new position in United Natural Foods in the fourth quarter valued at $47,000. Sterling Capital Management LLC increased its holdings in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after buying an additional 1,672 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after buying an additional 639 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on UNFI shares. The Goldman Sachs Group upped 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 note on Thursday, February 13th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a report on Wednesday, March 12th. Finally, StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.50.
Check Out Our Latest Research Report on UNFI
United Natural Foods Trading Up 1.5%
Shares of NYSE UNFI traded up $0.40 during midday trading on Friday, hitting $27.65. The stock had a trading volume of 426,583 shares, compared to its average volume of 700,085. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -17.61 and a beta of 1.08. United Natural Foods, Inc. has a 1-year low of $10.00 and a 1-year high of $34.76. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $26.02 and a 200 day moving average price of $26.62.
United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 1.27% and a negative net margin of 0.30%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same period in the previous year, the business earned $0.07 EPS. United Natural Foods's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share 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.
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