Summit Trail Advisors LLC grew its stake in shares of United Natural Foods Inc (NASDAQ:UNFI) by 3,013.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,518 shares of the company’s stock after buying an additional 139,876 shares during the period. Summit Trail Advisors LLC owned 0.29% of United Natural Foods worth $145,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new position in United Natural Foods during the fourth quarter worth $176,000. Suntrust Banks Inc. purchased a new stake in shares of United Natural Foods in the fourth quarter valued at $226,000. Xact Kapitalforvaltning AB purchased a new stake in shares of United Natural Foods in the fourth quarter valued at $252,000. Atria Investments LLC purchased a new stake in shares of United Natural Foods in the first quarter valued at $226,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of United Natural Foods in the first quarter valued at $228,000. 99.94% of the stock is owned by institutional investors.
In other United Natural Foods news, insider Joseph J. Traficanti sold 6,680 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $47.11, for a total transaction of $314,694.80. Following the completion of the sale, the insider now owns 9,755 shares of the company’s stock, valued at $459,558.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steven Spinner sold 7,500 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $45.23, for a total value of $339,225.00. Following the sale, the chief executive officer now directly owns 100,633 shares of the company’s stock, valued at approximately $4,551,630.59. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
UNFI stock opened at $43.09 on Friday. United Natural Foods Inc has a 12-month low of $32.52 and a 12-month high of $52.69. The company has a quick ratio of 0.95, a current ratio of 2.59 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.63 and a beta of 1.42.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, June 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.11. United Natural Foods had a return on equity of 9.06% and a net margin of 1.72%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. research analysts anticipate that United Natural Foods Inc will post 3.21 earnings per share for the current year.
UNFI has been the subject of a number of recent analyst reports. Argus reaffirmed a “buy” rating and issued a $45.66 price objective (down previously from $56.00) on shares of United Natural Foods in a research report on Wednesday, March 14th. Loop Capital lifted their price objective on United Natural Foods to $61.00 and gave the company a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Zacks Investment Research raised United Natural Foods from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, June 8th. Citigroup lowered their price objective on United Natural Foods from $53.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. Finally, ValuEngine raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.51.
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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