UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.15 Million Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,642 shares of the company's stock after purchasing an additional 29,357 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of United Natural Foods worth $5,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNFI. Hazlett Burt & Watson Inc. bought a new stake in United Natural Foods during the 4th quarter worth about $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $47,000. Sterling Capital Management LLC raised its holdings in shares of United Natural Foods by 796.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after purchasing an additional 1,672 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of United Natural Foods by 186.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after purchasing an additional 1,557 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNFI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. The Goldman Sachs Group upped their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.50.

United Natural Foods Stock Performance

United Natural Foods stock traded down $0.29 during trading hours on Thursday, hitting $27.41. The company had a trading volume of 514,653 shares, compared to its average volume of 702,425. The firm has a market cap of $1.66 billion, a PE ratio of -17.46 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. United Natural Foods, Inc. has a one year low of $11.88 and a one year high of $34.76. The firm has a 50-day moving average of $27.14 and a 200 day moving average of $27.65.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business's revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.