American Century Companies Inc. trimmed its stake in United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 36.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 369,542 shares of the company’s stock after selling 209,664 shares during the period. American Century Companies Inc. owned 0.62% of United Natural Foods worth $9,737,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in UNFI. Brown Advisory Inc. bought a new position in shares of United Natural Foods in the 4th quarter valued at approximately $42,377,000. Vanguard Group Inc. grew its holdings in shares of United Natural Foods by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 7,135,789 shares of the company’s stock worth $295,064,000 after purchasing an additional 567,961 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of United Natural Foods during the 2nd quarter worth approximately $21,416,000. Norges Bank acquired a new stake in United Natural Foods in the 4th quarter valued at $19,828,000. Finally, Victory Capital Management Inc. boosted its stake in United Natural Foods by 1,545.7% in the 4th quarter. Victory Capital Management Inc. now owns 427,449 shares of the company’s stock valued at $16,547,000 after buying an additional 401,476 shares in the last quarter. 88.85% of the stock is owned by institutional investors.
Analysts Set New Price Targets
UNFI has been the topic of several recent analyst reports. UBS Group decreased their price target on United Natural Foods from $32.00 to $27.00 in a research note on Thursday, June 8th. BMO Capital Markets cut their price objective on United Natural Foods from $28.00 to $20.00 in a research report on Friday, June 9th. Wells Fargo & Company cut their price objective on United Natural Foods from $28.00 to $20.00 in a research report on Thursday, June 8th. Finally, StockNews.com started coverage on United Natural Foods in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $32.71.
United Natural Foods Stock Down 1.1 %
UNFI stock opened at $19.90 on Monday. United Natural Foods, Inc. has a twelve month low of $19.36 and a twelve month high of $47.88. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.34 and a beta of 0.99. The business has a 50 day moving average price of $20.35 and a two-hundred day moving average price of $23.66. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.11.
United Natural Foods (NYSE:UNFI – Get Free Report) last released its quarterly earnings data on Wednesday, June 7th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.51 billion. United Natural Foods had a net margin of 0.43% and a return on equity of 12.48%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Analysts anticipate that United Natural Foods, Inc. will post 2.01 EPS for the current fiscal year.
United Natural Foods Profile
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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.
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