Baader Bank Aktiengesellschaft Raises Position in United Natural Foods, Inc. (NYSE:UNFI)

Key Points

• Baader Bank Aktiengesellschaft increased its stake in United Natural Foods, Inc. (UNFI) by 236.3%, owning approximately 49,608 shares worth roughly $1.35 million at the end of the last quarter.
• United Natural Foods showed a notable earnings performance with $0.44 per share, exceeding analysts' expectations and reporting a revenue of $8.06 billion for the quarter.
• Analyst ratings for UNFI are mixed, with seven firms issuing a "Hold" rating, three giving a "Buy" rating, and a consensus price target of $28.13.

Baader Bank Aktiengesellschaft lifted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 236.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,608 shares of the company's stock after buying an additional 34,857 shares during the quarter. Baader Bank Aktiengesellschaft owned approximately 0.08% of United Natural Foods worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in UNFI. Hazlett Burt & Watson Inc. bought a new stake in United Natural Foods in the fourth quarter worth about $27,000. Aquatic Capital Management LLC acquired a new position in United Natural Foods during the fourth quarter worth $47,000. Sterling Capital Management LLC increased its stake in shares of 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 in the last quarter. Picton Mahoney Asset Management acquired a new stake in United Natural Foods in the first quarter worth about $69,000. Finally, Quarry LP boosted its holdings in United Natural Foods by 135.6% during the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock worth $73,000 after buying an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UNFI shares. BMO Capital Markets dropped their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a research report on Thursday, June 12th. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. UBS Group boosted their target price on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Tuesday, July 22nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Stock Down 2.2%

NYSE:UNFI traded down $0.62 during trading hours on Friday, reaching $27.02. 962,679 shares of the company traded hands, compared to its average volume of 1,175,275. The business's 50-day moving average price is $25.28 and its two-hundred day moving average price is $27.09. The stock has a market capitalization of $1.64 billion, a P/E ratio of -23.50 and a beta of 0.82. United Natural Foods, Inc. has a 1 year low of $12.00 and a 1 year high of $34.76. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 1.21.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. United Natural Foods's revenue was up 7.5% compared to the same quarter last year. Analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.