Bridgeway Capital Management LLC Boosts Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Bridgeway Capital Management LLC boosted its position in United Natural Foods, Inc. (NYSE:UNFI) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 706,469 shares of the company’s stock after acquiring an additional 134,841 shares during the quarter. Bridgeway Capital Management LLC owned 1.18% of United Natural Foods worth $19,294,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UNFI. Virtu Financial LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth about $324,000. Amundi increased its stake in United Natural Foods by 368.8% in the fourth quarter. Amundi now owns 62,830 shares of the company’s stock valued at $1,813,000 after purchasing an additional 49,427 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after purchasing an additional 96,341 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of United Natural Foods during the 4th quarter worth approximately $656,000. Finally, Adero Partners LLC purchased a new position in shares of United Natural Foods in the 4th quarter valued at $243,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

Shares of UNFI opened at $26.36 on Tuesday. United Natural Foods, Inc. has a 1 year low of $9.44 and a 1 year high of $34.76. The stock has a market capitalization of $1.60 billion, a P/E ratio of -16.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The company’s fifty day moving average is $26.28 and its two-hundred day moving average is $26.44.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. On average, sell-side analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNFI has been the topic of several research reports. CL King raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group lifted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lifted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.50.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.