Russell Investments Group Ltd. increased its holdings in shares of United Natural Foods Inc (NASDAQ:UNFI) by 106.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,110 shares of the company’s stock after buying an additional 24,328 shares during the period. Russell Investments Group Ltd. owned 0.09% of United Natural Foods worth $1,411,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of UNFI. Mainstay Capital Management LLC ADV raised its stake in shares of United Natural Foods by 4,166.2% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock worth $142,000 after buying an additional 5,916 shares during the last quarter. HPM Partners LLC bought a new stake in shares of United Natural Foods during the second quarter worth approximately $223,000. NumerixS Investment Technologies Inc bought a new stake in shares of United Natural Foods during the second quarter worth approximately $241,000. Cim Investment Mangement Inc. raised its stake in shares of United Natural Foods by 92.1% during the second quarter. Cim Investment Mangement Inc. now owns 9,935 shares of the company’s stock worth $424,000 after buying an additional 4,763 shares during the last quarter. Finally, United Services Automobile Association raised its stake in shares of United Natural Foods by 24.7% during the second quarter. United Services Automobile Association now owns 10,742 shares of the company’s stock worth $458,000 after buying an additional 2,131 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on UNFI. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price (down previously from $36.00) on shares of United Natural Foods in a research note on Friday, September 21st. They noted that the move was a valuation call. Buckingham Research lowered their target price on shares of United Natural Foods from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 30th. Morgan Stanley set a $25.00 target price on shares of United Natural Foods and gave the company a “sell” rating in a research note on Monday, October 22nd. Bank of America lowered their target price on shares of United Natural Foods from $33.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, September 21st. Finally, Loop Capital set a $45.00 target price on shares of United Natural Foods and gave the company a “buy” rating in a research note on Tuesday, October 16th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.11.
In other news, Director James P. Heffernan sold 3,820 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the transaction, the director now owns 6,960 shares in the company, valued at $205,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.
Shares of NASDAQ:UNFI opened at $14.88 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.80 and a beta of 1.62. United Natural Foods Inc has a 52 week low of $14.45 and a 52 week high of $52.55. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.14). The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.70 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.61%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, research analysts anticipate that United Natural Foods Inc will post 3.44 EPS for the current year.
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About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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