Stone Ridge Asset Management LLC bought a new position in shares of United Natural Foods (NASDAQ:UNFI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,336 shares of the company’s stock, valued at approximately $1,298,000. Stone Ridge Asset Management LLC owned 0.05% of United Natural Foods at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in UNFI. Kiltearn Partners LLP increased its position in shares of United Natural Foods by 10.4% during the fourth quarter. Kiltearn Partners LLP now owns 4,159,404 shares of the company’s stock valued at $204,934,000 after acquiring an additional 390,565 shares in the last quarter. American Century Companies Inc. increased its position in shares of United Natural Foods by 256.4% during the fourth quarter. American Century Companies Inc. now owns 527,689 shares of the company’s stock valued at $25,999,000 after acquiring an additional 379,641 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in United Natural Foods in the third quarter worth approximately $14,835,000. Dimensional Fund Advisors LP boosted its holdings in United Natural Foods by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock worth $177,554,000 after purchasing an additional 258,676 shares during the last quarter. Finally, New Amsterdam Partners LLC NY purchased a new stake in United Natural Foods in the fourth quarter worth approximately $8,074,000.
In other United Natural Foods news, Director Peter Roy sold 3,990 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $43.95, for a total value of $175,360.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.
Several brokerages recently issued reports on UNFI. BMO Capital Markets set a $57.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Thursday, March 8th. BidaskClub cut shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. TheStreet upgraded shares of United Natural Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Finally, Susquehanna Bancshares set a $51.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research note on Friday, March 9th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.69.
Shares of United Natural Foods stock traded up $0.01 during trading hours on Friday, reaching $43.54. The company’s stock had a trading volume of 439,572 shares, compared to its average volume of 665,529. The company has a market cap of $2,194.31, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.44. United Natural Foods has a one year low of $29.53 and a one year high of $52.69. The company has a quick ratio of 0.90, a current ratio of 2.33 and a debt-to-equity ratio of 0.25.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Thursday, March 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.45 billion. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. sell-side analysts expect that United Natural Foods will post 3.09 earnings per share for the current fiscal year.
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United Natural Foods Company Profile
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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