Jennison Associates LLC grew its stake in shares of United Natural Foods Inc (NASDAQ:UNFI) by 81.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,937 shares of the company’s stock after buying an additional 14,293 shares during the period. Jennison Associates LLC’s holdings in United Natural Foods were worth $1,362,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Argus Investors Counsel Inc. acquired a new stake in shares of United Natural Foods during the second quarter worth $207,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of United Natural Foods during the second quarter worth $209,000. Atria Investments LLC acquired a new stake in shares of United Natural Foods during the first quarter worth $226,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of United Natural Foods during the first quarter worth $228,000. Finally, We Are One Seven LLC boosted its holdings in shares of United Natural Foods by 63.5% during the first quarter. We Are One Seven LLC now owns 5,852 shares of the company’s stock worth $251,000 after purchasing an additional 2,272 shares during the last quarter.

Several equities research analysts have recently issued reports on UNFI shares. Pivotal Research restated a “sell” rating and set a $25.00 price objective on shares of United Natural Foods in a report on Monday, July 30th. ValuEngine cut United Natural Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Loop Capital set a $55.00 price objective on United Natural Foods and gave the stock a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Friday, June 8th. Finally, BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. United Natural Foods has an average rating of “Hold” and a consensus target price of $44.31.

Shares of United Natural Foods stock opened at $34.84 on Friday. United Natural Foods Inc has a twelve month low of $31.84 and a twelve month high of $52.69. The firm has a market capitalization of $1.71 billion, a P/E ratio of 13.56, a PEG ratio of 1.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 2.59.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, June 6th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.11. United Natural Foods had a return on equity of 9.06% and a net margin of 1.72%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts predict that United Natural Foods Inc will post 3.21 EPS for the current year.

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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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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