Ironwood Investment Management LLC lifted its position in shares of United Natural Foods Inc (NASDAQ:UNFI) by 6.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,900 shares of the company’s stock after acquiring an additional 1,312 shares during the period. Ironwood Investment Management LLC’s holdings in United Natural Foods were worth $276,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of United Natural Foods by 22.7% during the fourth quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock worth $79,669,000 after buying an additional 1,393,591 shares in the last quarter. Kiltearn Partners LLP lifted its holdings in shares of United Natural Foods by 5.5% during the fourth quarter. Kiltearn Partners LLP now owns 4,725,904 shares of the company’s stock worth $50,047,000 after buying an additional 247,146 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of United Natural Foods by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,673,478 shares of the company’s stock worth $139,970,000 after buying an additional 28,394 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Natural Foods by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,203,347 shares of the company’s stock worth $44,513,000 after buying an additional 18,551 shares in the last quarter. Finally, Towle & Co. acquired a new stake in shares of United Natural Foods during the fourth quarter worth $16,169,000. 98.17% of the stock is owned by institutional investors.
UNFI stock opened at $11.27 on Friday. The stock has a market capitalization of $595.10 million, a P/E ratio of 3.62, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods Inc has a 52 week low of $9.23 and a 52 week high of $47.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.21. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.01 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, sell-side analysts predict that United Natural Foods Inc will post 1.73 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Tuesday. Loop Capital dropped their price target on United Natural Foods to $30.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Pivotal Research downgraded United Natural Foods from a “hold” rating to a “sell” rating and dropped their price target for the company from $14.00 to $8.00 in a research note on Thursday, March 7th. Finally, Barclays downgraded United Natural Foods from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 12th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.13.
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About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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