Dynamic Technology Lab Private Ltd bought a new stake in United Natural Foods Inc (NASDAQ:UNFI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 124,208 shares of the company’s stock, valued at approximately $3,720,000. United Natural Foods comprises approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 6th largest holding. Dynamic Technology Lab Private Ltd owned 0.25% of United Natural Foods at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in United Natural Foods by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 222,915 shares of the company’s stock worth $9,572,000 after purchasing an additional 4,009 shares in the last quarter. Aperio Group LLC lifted its holdings in United Natural Foods by 17.0% during the 2nd quarter. Aperio Group LLC now owns 103,500 shares of the company’s stock worth $4,415,000 after purchasing an additional 15,027 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in United Natural Foods by 10.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,601 shares of the company’s stock worth $1,177,000 after purchasing an additional 2,612 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in United Natural Foods by 20.8% during the 2nd quarter. Wells Fargo & Company MN now owns 441,725 shares of the company’s stock worth $18,843,000 after purchasing an additional 76,199 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in United Natural Foods by 8.4% during the 2nd quarter. First Trust Advisors LP now owns 94,882 shares of the company’s stock worth $4,048,000 after purchasing an additional 7,352 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
UNFI has been the topic of a number of recent research reports. Loop Capital set a $45.00 price objective on United Natural Foods and gave the stock a “buy” rating in a report on Tuesday, October 16th. Citigroup dropped their price objective on United Natural Foods from $49.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. Buckingham Research set a $41.00 price objective on United Natural Foods and gave the stock a “buy” rating in a report on Thursday, September 20th. Zacks Investment Research raised United Natural Foods from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, November 29th. Finally, BMO Capital Markets set a $28.00 price objective on United Natural Foods and gave the stock a “hold” rating in a report on Friday, September 21st. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and an average price target of $32.98.
NASDAQ:UNFI opened at $20.32 on Thursday. United Natural Foods Inc has a twelve month low of $20.00 and a twelve month high of $52.59. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.09). United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that United Natural Foods Inc will post 3.44 earnings per share for the current fiscal year.
In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the sale, the director now owns 6,960 shares of the company’s stock, valued at approximately $205,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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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