Counterpoint Mutual Funds LLC Takes Position in United Natural Foods, Inc. $UNFI

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in United Natural Foods, purchasing 28,628 shares valued at approximately $667,000.
• UBS AM increased its holdings in United Natural Foods by 18.4%, while other investors have significantly raised their stakes in the company, indicating strong institutional interest.
• Analysts have given United Natural Foods mixed ratings, with a consensus rating of "Hold" and an average price target of $28.13, reflecting differing views on its stock performance.

Counterpoint Mutual Funds LLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,628 shares of the company's stock, valued at approximately $667,000.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of United Natural Foods by 18.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company's stock worth $5,152,000 after acquiring an additional 29,357 shares in the last quarter. Brighton Jones LLC bought a new position in shares of United Natural Foods during the 4th quarter worth approximately $656,000. GAMMA Investing LLC raised its stake in shares of United Natural Foods by 2,671.4% during the 1st quarter. GAMMA Investing LLC now owns 56,177 shares of the company's stock worth $1,539,000 after acquiring an additional 54,150 shares in the last quarter. Range Financial Group LLC bought a new position in shares of United Natural Foods during the 1st quarter worth approximately $1,253,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of United Natural Foods during the 1st quarter worth approximately $2,570,000. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

UNFI opened at $28.92 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -25.14 and a beta of 0.90. United Natural Foods, Inc. has a 52-week low of $16.18 and a 52-week high of $34.76. The firm's fifty day simple moving average is $27.68 and its two-hundred day simple moving average is $26.45.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $24.00 price target on shares of United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. Zacks Research upgraded shares of United Natural Foods from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 15th. Finally, BMO Capital Markets cut their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, United Natural Foods presently has a consensus rating of "Hold" and an average target price of $28.13.

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.

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