Cooke & Bieler LP increased its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 33.6% during the first quarter, Holdings Channel reports. The firm owned 838,915 shares of the company’s stock after buying an additional 211,077 shares during the period. Cooke & Bieler LP’s holdings in United Natural Foods were worth $36,266,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of UNFI. Chicago Equity Partners LLC increased its position in United Natural Foods by 124.4% in the third quarter. Chicago Equity Partners LLC now owns 49,430 shares of the company’s stock worth $1,979,000 after buying an additional 27,405 shares during the period. Peregrine Capital Management LLC bought a new position in United Natural Foods during the third quarter worth $6,235,000. Hussman Strategic Advisors Inc. bought a new position in United Natural Foods during the third quarter worth $6,006,000. Polaris Greystone Financial Group LLC bought a new position in United Natural Foods during the third quarter worth $1,159,000. Finally, Rhumbline Advisers increased its position in United Natural Foods by 4.0% in the third quarter. Rhumbline Advisers now owns 112,151 shares of the company’s stock worth $4,491,000 after buying an additional 4,276 shares during the period. 99.29% of the stock is currently owned by institutional investors.
United Natural Foods, Inc. (NASDAQ:UNFI) traded up 0.75% during trading on Friday, reaching $40.18. The company’s stock had a trading volume of 464,389 shares. The company has a market cap of $2.03 billion, a P/E ratio of 15.89 and a beta of 1.24. United Natural Foods, Inc. has a 12 month low of $33.97 and a 12 month high of $52.18. The stock’s 50-day moving average is $41.61 and its 200 day moving average is $44.68.
United Natural Foods (NASDAQ:UNFI) last released its earnings results on Wednesday, March 8th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.33 billion. United Natural Foods had a net margin of 1.44% and a return on equity of 8.48%. United Natural Foods’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities analysts forecast that United Natural Foods, Inc. will post $2.54 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on UNFI shares. Goldman Sachs Group Inc started coverage on United Natural Foods in a research note on Tuesday, January 31st. They issued a “neutral” rating and a $49.00 price target on the stock. Zacks Investment Research raised United Natural Foods from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, February 7th. Wells Fargo & Co reissued a “hold” rating on shares of United Natural Foods in a research note on Wednesday, March 8th. Pivotal Research reissued a “sell” rating and issued a $33.00 price target (up previously from $32.00) on shares of United Natural Foods in a research note on Thursday, March 9th. Finally, Guggenheim reissued a “buy” rating and issued a $52.00 price target on shares of United Natural Foods in a research note on Saturday, March 11th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.15.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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