United Natural Foods, Inc. (NYSE:UNFI) Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,685 shares of the company’s stock after buying an additional 2,246 shares during the period. Bank of Montreal Can owned about 0.05% of United Natural Foods worth $838,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $37,000. GAMMA Investing LLC boosted its holdings in shares of United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock worth $55,000 after purchasing an additional 639 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock valued at $65,000 after purchasing an additional 1,557 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Up 1.6 %

Shares of UNFI stock opened at $24.63 on Friday. The stock has a 50 day moving average of $27.73 and a 200-day moving average of $25.96. The firm has a market cap of $1.49 billion, a PE ratio of -15.69 and a beta of 1.08. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $34.76.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UNFI shares. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 12th. StockNews.com raised United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. The Goldman Sachs Group upped their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.50.

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.