45,000 Shares in United Natural Foods, Inc. (UNFI) Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 45,000 shares of the company’s stock, valued at approximately $1,945,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of United Natural Foods by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,477 shares of the company’s stock worth $357,000 after buying an additional 25 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United Natural Foods by 1.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,786 shares of the company’s stock worth $552,000 after buying an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock valued at $761,000 after buying an additional 200 shares during the period. Trust Co. of Vermont boosted its position in shares of United Natural Foods by 3.7% in the first quarter. Trust Co. of Vermont now owns 6,925 shares of the company’s stock valued at $299,000 after buying an additional 250 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock valued at $126,000 after buying an additional 252 shares during the period. 98.25% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

United Natural Foods, Inc. (UNFI) traded down 10.97% on Friday, reaching $35.39. 10,235,463 shares of the company’s stock traded hands. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $52.18. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.21 and a beta of 1.40. The firm has a 50-day moving average price of $40.58 and a 200-day moving average price of $43.94.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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A number of equities research analysts have commented on the stock. Guggenheim restated a “buy” rating and set a $52.00 target price on shares of United Natural Foods in a research note on Saturday, March 11th. Citigroup Inc. restated a “buy” rating and set a $49.00 target price (down previously from $54.00) on shares of United Natural Foods in a research note on Saturday, April 22nd. Loop Capital assumed coverage on shares of United Natural Foods in a research note on Monday, May 15th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company restated a “hold” rating on shares of United Natural Foods in a research note on Wednesday, March 8th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.69.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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