United Natural Foods, Inc. (NYSE:UNFI) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 162.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,697 shares of the company’s stock after purchasing an additional 363,962 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in United Natural Foods were worth $16,050,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UNFI. Virtu Financial LLC acquired a new position in United Natural Foods in the 4th quarter worth about $324,000. Amundi lifted its position in shares of United Natural Foods by 368.8% during the 4th quarter. Amundi now owns 62,830 shares of the company’s stock valued at $1,813,000 after buying an additional 49,427 shares in the last quarter. State Street Corp grew its stake in United Natural Foods by 1.5% in the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock valued at $40,094,000 after acquiring an additional 34,522 shares during the period. JPMorgan Chase & Co. increased its holdings in United Natural Foods by 118.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after acquiring an additional 96,341 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in United Natural Foods during the fourth quarter worth $656,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on UNFI shares. Roth Mkm boosted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. The Goldman Sachs Group raised their target price on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. Finally, CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.50.

United Natural Foods Stock Down 6.4 %

Shares of NYSE:UNFI opened at $24.59 on Friday. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The stock has a market cap of $1.49 billion, a P/E ratio of -15.66 and a beta of 0.56. The business has a fifty day moving average of $29.13 and a two-hundred day moving average of $25.37. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

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

United Natural Foods 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.