Inspire Investing LLC Takes Position in United Natural Foods, Inc. $UNFI

Key Points

• Inspire Investing LLC has acquired a new stake in United Natural Foods, Inc. (UNFI), purchasing 12,874 shares valued at approximately $353,000.
• Multiple institutional investors have also increased their positions in UNFI, with overall hedge fund ownership reaching 87.63% of the company's stock.
• Analysts have varied opinions on UNFI's stock, with price targets ranging from $24.00 to $36.00, and the overall rating leaning towards "Hold" with a consensus target of $28.13.

Inspire Investing LLC bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,874 shares of the company's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invst LLC acquired a new stake in shares of United Natural Foods in the 1st quarter worth $1,470,000. Strs Ohio acquired a new stake in shares of United Natural Foods in the 1st quarter worth $764,000. McAdam LLC acquired a new stake in shares of United Natural Foods in the 1st quarter worth $281,000. Intech Investment Management LLC increased its stake in shares of United Natural Foods by 39.4% in the 1st quarter. Intech Investment Management LLC now owns 90,891 shares of the company's stock worth $2,490,000 after acquiring an additional 25,676 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of United Natural Foods by 2.1% in the 1st quarter. Empowered Funds LLC now owns 287,497 shares of the company's stock worth $7,875,000 after acquiring an additional 5,784 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on UNFI shares. 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 research report on Thursday, June 12th. 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 research report on Tuesday, July 22nd. UBS Group lifted their target price on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the company a "hold" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group dropped their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $29.26 on Monday. 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, Inc. has a twelve month low of $15.01 and a twelve month high of $34.76. The stock has a 50 day moving average of $26.94 and a two-hundred day moving average of $26.42. The stock has a market cap of $1.77 billion, a P/E ratio of -25.44 and a beta of 0.90.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.