Quantbot Technologies LP Invests $118,000 in United Natural Foods, Inc. (NYSE:UNFI)

Quantbot Technologies LP bought a new stake in United Natural Foods, Inc. (NYSE:UNFIFree Report) during the third quarter, Holdings Channel.com reports. The fund bought 8,321 shares of the company’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNFI. Quarry LP grew its holdings in shares of United Natural Foods by 976.1% during the first quarter. Quarry LP now owns 990 shares of the company’s stock worth $26,000 after purchasing an additional 898 shares during the last quarter. State of Wyoming increased its holdings in shares of United Natural Foods by 116.2% in the 2nd quarter. State of Wyoming now owns 3,113 shares of the company’s stock valued at $61,000 after acquiring an additional 1,673 shares during the period. Tower Research Capital LLC TRC raised its position in United Natural Foods by 579.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,540 shares of the company’s stock valued at $67,000 after purchasing an additional 2,166 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in United Natural Foods during the 2nd quarter worth $109,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in United Natural Foods by 128.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301 shares of the company’s stock worth $128,000 after purchasing an additional 1,855 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNFI has been the subject of several recent research reports. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. The Goldman Sachs Group cut their price target on United Natural Foods from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, December 7th. Wells Fargo & Company reiterated an “underweight” rating and issued a $15.00 price objective on shares of United Natural Foods in a research report on Thursday, January 4th. Finally, UBS Group boosted their price target on shares of United Natural Foods from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, United Natural Foods currently has an average rating of “Hold” and a consensus price target of $17.83.

Get Our Latest Stock Analysis on United Natural Foods

United Natural Foods Trading Up 2.5 %

Shares of United Natural Foods stock opened at $17.11 on Tuesday. The company has a 50-day moving average of $15.66 and a two-hundred day moving average of $16.60. United Natural Foods, Inc. has a 12-month low of $12.88 and a 12-month high of $43.00. The company has a current ratio of 1.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.02 billion, a PE ratio of -12.31 and a beta of 0.59.

United Natural Foods (NYSE:UNFIGet Free Report) last posted its earnings results on Wednesday, December 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.28. United Natural Foods had a positive return on equity of 3.59% and a negative net margin of 0.27%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the previous year, the business earned $1.13 earnings per share. United Natural Foods’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.07 EPS for the current fiscal year.

United Natural Foods Profile

(Free Report)

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.

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

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