Quadrature Capital Ltd lessened its holdings in shares of United Natural Foods Inc (NYSE:UNFI) by 46.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,311 shares of the company’s stock after selling 34,657 shares during the period. Quadrature Capital Ltd owned approximately 0.08% of United Natural Foods worth $734,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in shares of United Natural Foods in the 2nd quarter valued at about $25,000. US Bancorp DE raised its position in United Natural Foods by 35.3% in the 2nd quarter. US Bancorp DE now owns 1,885 shares of the company’s stock valued at $34,000 after buying an additional 492 shares during the last quarter. Ameritas Investment Company LLC acquired a new stake in United Natural Foods in the 1st quarter valued at approximately $37,000. Patriot Financial Group Insurance Agency LLC bought a new stake in United Natural Foods in the 2nd quarter valued at approximately $81,000. Finally, Mutual of America Capital Management LLC boosted its position in United Natural Foods by 90.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,473 shares of the company’s stock worth $81,000 after acquiring an additional 2,122 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
Shares of NYSE:UNFI traded down $0.45 on Monday, hitting $17.87. The company had a trading volume of 691,600 shares, compared to its average volume of 697,599. The stock has a market cap of $958.15 million, a price-to-earnings ratio of -3.07 and a beta of 1.43. The stock has a 50 day moving average price of $19.68 and a 200 day moving average price of $14.78. United Natural Foods Inc has a 1-year low of $5.00 and a 1-year high of $23.38. The company has a current ratio of 1.50, a quick ratio of 0.69 and a debt-to-equity ratio of 3.05.
United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Wednesday, June 10th. The company reported $1.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.01). The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.67 billion. United Natural Foods had a negative net margin of 1.22% and a positive return on equity of 9.88%. During the same quarter last year, the company posted $0.61 EPS. Sell-side analysts anticipate that United Natural Foods Inc will post 2.4 earnings per share for the current fiscal year.
UNFI has been the topic of a number of research reports. BTIG Research began coverage on shares of United Natural Foods in a research report on Thursday, July 16th. They issued a “neutral” rating on the stock. MKM Partners assumed coverage on shares of United Natural Foods in a research note on Wednesday, July 29th. They set a “buy” rating and a $26.00 price objective for the company. TheStreet raised United Natural Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, June 10th. Barclays increased their price target on United Natural Foods from $12.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Finally, Deutsche Bank boosted their price target on United Natural Foods from $7.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.17.
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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