Intech Investment Management LLC Boosts Stock Position in United Natural Foods, Inc. $UNFI

Key Points

• Intech Investment Management LLC increased its stake in United Natural Foods, Inc. by 39.4% during the first quarter, holding 90,891 shares valued at $2.49 million.
• Analysts' ratings for United Natural Foods are mixed, with two analysts issuing a Buy rating and several others rating it as Hold, while the average price target stands at $28.13.
• As of now, 87.63% of United Natural Foods' stock is owned by institutional investors, indicating strong support from large financial entities.

Intech Investment Management LLC lifted its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 39.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,891 shares of the company's stock after purchasing an additional 25,676 shares during the quarter. Intech Investment Management LLC owned 0.15% of United Natural Foods worth $2,490,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in United Natural Foods by 2.1% in the first quarter. Empowered Funds LLC now owns 287,497 shares of the company's stock worth $7,875,000 after buying an additional 5,784 shares during the last quarter. Aristeia Capital L.L.C. bought a new stake in United Natural Foods in the first quarter worth $464,000. Caxton Associates LLP bought a new stake in United Natural Foods in the first quarter worth $2,933,000. Voleon Capital Management LP lifted its position in United Natural Foods by 7.9% in the first quarter. Voleon Capital Management LP now owns 59,189 shares of the company's stock worth $1,621,000 after buying an additional 4,328 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in United Natural Foods by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company's stock worth $17,132,000 after buying an additional 58,705 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target for the company in a research report on Tuesday, July 22nd. BMO Capital Markets decreased their target price 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. Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a "hold" rating in a research report on Thursday, June 12th. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group decreased their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, June 12th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, United Natural Foods has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Price Performance

Shares of UNFI stock opened at $28.02 on Tuesday. United Natural Foods, Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $34.76. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -24.37 and a beta of 0.90. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The stock's 50-day simple moving average is $27.04 and its 200-day simple moving average is $26.39.

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.

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