Fox Run Management L.L.C. acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,583 shares of the company's stock, valued at approximately $564,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UNFI. Dimensional Fund Advisors LP grew its holdings in United Natural Foods by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock valued at $96,450,000 after buying an additional 314,587 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in United Natural Foods by 4.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,886,938 shares of the company's stock valued at $78,842,000 after buying an additional 110,608 shares in the last quarter. Nuveen LLC purchased a new position in United Natural Foods during the 1st quarter valued at about $24,171,000. Nuveen Asset Management LLC grew its holdings in United Natural Foods by 37.9% during the 4th quarter. Nuveen Asset Management LLC now owns 881,982 shares of the company's stock valued at $24,087,000 after buying an additional 242,293 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in United Natural Foods by 18.6% during the 4th quarter. Northern Trust Corp now owns 756,585 shares of the company's stock valued at $20,662,000 after buying an additional 118,817 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
UNFI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. UBS Group boosted their price objective on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $25.00 to $26.00 in a report on Wednesday, July 16th. BMO Capital Markets cut their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a report on Thursday, June 12th. Finally, Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Tuesday, July 22nd. Seven 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, the stock has a consensus rating of "Hold" and a consensus price target of $28.13.
Read Our Latest Stock Analysis on United Natural Foods
United Natural Foods Stock Performance
NYSE:UNFI opened at $26.37 on Monday. The business has a 50 day moving average of $24.68 and a 200 day moving average of $26.92. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -22.93 and a beta of 0.82. United Natural Foods, Inc. has a 1-year low of $13.05 and a 1-year high of $34.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, sell-side analysts predict 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.
Further Reading
Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods, Inc. (NYSE:UNFI - Free Report).
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