Virtu Financial LLC acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,872 shares of the company’s stock, valued at approximately $324,000.
A number of other institutional investors have also recently bought and sold shares of the business. Advisors Preferred LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at $3,637,000. HighTower Advisors LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $2,867,000. JPMorgan Chase & Co. boosted its holdings in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after buying an additional 96,341 shares during the last quarter. Empowered Funds LLC grew its position in shares of United Natural Foods by 44.6% during the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock worth $7,694,000 after buying an additional 86,941 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after buying an additional 84,257 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.
United Natural Foods Price Performance
Shares of NYSE UNFI opened at $26.95 on Friday. The company has a fifty day moving average price of $29.30 and a 200 day moving average price of $24.87. The firm has a market cap of $1.63 billion, a PE ratio of -17.17 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, January 10th. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group boosted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. BMO Capital Markets raised their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and an average price target of $27.50.
Check Out Our Latest Report on United Natural Foods
About United Natural Foods
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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