12,900 Shares in United Natural Foods, Inc. (NYSE:UNFI) Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,900 shares of the company's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNFI. Hazlett Burt & Watson Inc. purchased a new position in United Natural Foods in the fourth quarter valued at about $27,000. Harvest Fund Management Co. Ltd purchased a new position in United Natural Foods in the fourth quarter valued at about $37,000. Aquatic Capital Management LLC purchased a new position in United Natural Foods in the fourth quarter valued at about $47,000. Sterling Capital Management LLC boosted its stake 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 acquiring an additional 1,672 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after acquiring an additional 1,557 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

NYSE UNFI opened at $30.27 on Tuesday. The company's 50 day moving average is $26.37 and its 200-day moving average is $27.00. United Natural Foods, Inc. has a 12-month low of $10.97 and a 12-month 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 firm has a market cap of $1.83 billion, a P/E ratio of -19.28 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its 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. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. Sell-side analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UNFI. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, United Natural Foods has an average rating of "Hold" and an average target price of $27.50.

About United Natural Foods

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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