10,799 Shares in United Natural Foods, Inc. (NYSE:UNFI) Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 10,799 shares of the company’s stock, valued at approximately $182,000.

Several other hedge funds also recently added to or reduced their stakes in UNFI. nVerses Capital LLC acquired a new position in shares of United Natural Foods during the second quarter worth $28,000. Public Employees Retirement System of Ohio purchased a new position in United Natural Foods in the 1st quarter valued at about $38,000. CWM LLC grew its stake in shares of United Natural Foods by 661.8% during the second quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after acquiring an additional 2,879 shares in the last quarter. EMC Capital Management increased its position in shares of United Natural Foods by 39.6% during the first quarter. EMC Capital Management now owns 6,430 shares of the company’s stock worth $74,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of United Natural Foods by 12.2% during the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after acquiring an additional 716 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the completion of the transaction, the insider now owns 88,218 shares in the company, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $23.61 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. The firm has a market capitalization of $1.41 billion, a PE ratio of -12.49 and a beta of 0.62. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $23.78. The business’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $15.64.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. On average, research analysts expect that United Natural Foods, Inc. will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UNFI shares. BMO Capital Markets raised their price target on shares of United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 2nd. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group raised their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, UBS Group boosted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.40.

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.