United Natural Foods, Inc. (NYSE:UNFI) is Miller Value Partners LLC's 9th Largest Position

Miller Value Partners LLC increased its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,500 shares of the company's stock after buying an additional 141,385 shares during the quarter. United Natural Foods accounts for about 4.8% of Miller Value Partners LLC's portfolio, making the stock its 9th largest position. Miller Value Partners LLC owned approximately 0.69% of United Natural Foods worth $11,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in United Natural Foods by 7.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 55,351 shares of the company's stock worth $1,512,000 after buying an additional 3,899 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in shares of United Natural Foods by 137.2% in the fourth quarter. Dark Forest Capital Management LP now owns 24,720 shares of the company's stock valued at $675,000 after purchasing an additional 14,299 shares during the period. Hsbc Holdings PLC raised its stake in shares of United Natural Foods by 53.6% in the fourth quarter. Hsbc Holdings PLC now owns 20,232 shares of the company's stock worth $553,000 after purchasing an additional 7,058 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of United Natural Foods by 122.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company's stock worth $224,000 after purchasing an additional 4,514 shares during the period. Finally, MetLife Investment Management LLC raised its position in United Natural Foods by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 35,528 shares of the company's stock worth $970,000 after buying an additional 1,973 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

NYSE UNFI traded up $0.14 during trading on Wednesday, reaching $26.38. The company's stock had a trading volume of 144,827 shares, compared to its average volume of 700,568. United Natural Foods, Inc. has a twelve month low of $8.90 and a twelve month high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The business's fifty day moving average price is $26.70 and its 200-day moving average price is $26.25. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -16.80 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UNFI shares. Wells Fargo & Company upped their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research report on Wednesday, March 12th. Finally, StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.50.

United Natural Foods 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.