Nuveen LLC Acquires Shares of 882,485 United Natural Foods, Inc. $UNFI

Nuveen LLC acquired a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the 1st quarter, HoldingsChannel reports. The firm acquired 882,485 shares of the company’s stock, valued at approximately $24,171,000.

Several other large investors have also bought and sold shares of UNFI. Aquatic Capital Management LLC bought a new stake in shares of United Natural Foods during the 4th quarter worth $47,000. Sterling Capital Management LLC raised its stake in shares of United Natural Foods by 796.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after purchasing an additional 1,672 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of United Natural Foods during the 1st quarter worth $69,000. Quarry LP raised its stake in shares of United Natural Foods by 135.6% during the 4th quarter. Quarry LP now owns 2,667 shares of the company’s stock worth $73,000 after purchasing an additional 1,535 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of United Natural Foods during the 1st quarter worth $73,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Up 0.5%

Shares of UNFI opened at $26.62 on Tuesday. The business has a 50-day moving average of $24.70 and a 200 day moving average of $26.90. United Natural Foods, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $34.76. The firm has a market cap of $1.61 billion, a P/E ratio of -23.15 and a beta of 0.82. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The business had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. As a group, research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on UNFI. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, July 22nd. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $25.00 to $26.00 in a research note on Wednesday, July 16th. BMO Capital Markets lowered their target price on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, June 12th. The Goldman Sachs Group decreased their price objective on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a “hold” rating in a report on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.13.

United Natural Foods Company Profile

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.