Bank of America Corp DE cut its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,046 shares of the company's stock after selling 20,711 shares during the quarter. Bank of America Corp DE owned 0.24% of United Natural Foods worth $3,907,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Marshall Wace LLP raised its position in United Natural Foods by 207.0% during the fourth quarter. Marshall Wace LLP now owns 1,357,212 shares of the company's stock valued at $37,065,000 after acquiring an additional 915,177 shares in the last quarter. Senvest Management LLC bought a new position in United Natural Foods during the fourth quarter valued at approximately $18,161,000. American Century Companies Inc. raised its position in United Natural Foods by 28.1% during the fourth quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock valued at $55,118,000 after acquiring an additional 442,574 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in United Natural Foods by 162.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 587,697 shares of the company's stock valued at $16,050,000 after acquiring an additional 363,962 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in United Natural Foods by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock valued at $96,450,000 after acquiring an additional 314,587 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group lifted 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. Finally, Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. 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. According to data from MarketBeat, United Natural Foods presently has a consensus rating of "Hold" and an average target price of $27.50.
Check Out Our Latest Stock Report on UNFI
United Natural Foods Stock Performance
Shares of NYSE:UNFI traded down $0.35 during trading on Friday, reaching $30.55. The stock had a trading volume of 918,714 shares, compared to its average volume of 698,522. United Natural Foods, Inc. has a 52 week low of $11.88 and a 52 week high of $34.76. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -19.46 and a beta of 1.08. 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 stock has a fifty day simple moving average of $27.00 and a two-hundred day simple moving average of $27.48.
United Natural Foods (NYSE:UNFI - Get Free Report) last announced 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. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. As a group, analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal 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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