Strs Ohio Takes $764,000 Position in United Natural Foods, Inc. $UNFI

Key Points

• Strs Ohio purchased 27,900 shares of United Natural Foods, Inc. valued at approximately $764,000 in the first quarter.
• Institutional investors now own 87.63% of United Natural Foods' stock, indicating strong institutional interest in the company.
• Analyst ratings for United Natural Foods have varied, with a mix of upgrades and downgrades, resulting in an average rating of "Hold" and a target price of $28.13.

Strs Ohio acquired a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 27,900 shares of the company's stock, valued at approximately $764,000.

A number of other institutional investors have also added to or reduced their stakes in UNFI. Caitong International Asset Management Co. Ltd grew its holdings in shares of United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock valued at $27,000 after purchasing an additional 920 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of United Natural Foods in the first quarter valued at $69,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of United Natural Foods in the first quarter valued at $73,000. KBC Group NV purchased a new position in shares of United Natural Foods in the first quarter valued at $78,000. Finally, CWM LLC grew its holdings in shares of United Natural Foods by 19.5% in the first quarter. CWM LLC now owns 3,229 shares of the company's stock valued at $88,000 after purchasing an additional 526 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

UNFI traded up $0.38 on Tuesday, hitting $29.25. 24,165 shares of the company's stock were exchanged, compared to its average volume of 887,637. United Natural Foods, Inc. has a fifty-two week low of $16.27 and a fifty-two week high of $34.76. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -25.43 and a beta of 0.90. The firm has a 50-day moving average price of $27.68 and a 200-day moving average price of $26.45. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 1.21.

Analysts Set New Price Targets

Several research firms have commented on UNFI. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on shares of United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research report on Tuesday, July 22nd. 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. Zacks Research upgraded shares of United Natural Foods from a "hold" rating to a "strong-buy" rating in a report on Monday, September 15th. Finally, UBS Group upped their price objective on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.