Arizona State Retirement System lifted its position in shares of United Natural Foods Inc (NASDAQ:UNFI) by 1.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 79,157 shares of the company’s stock after purchasing an additional 904 shares during the period. Arizona State Retirement System’s holdings in United Natural Foods were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNFI. Towle & Co. bought a new stake in United Natural Foods in the 4th quarter valued at $16,169,000. BlackRock Inc. increased its holdings in United Natural Foods by 22.7% in the 4th quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock valued at $79,669,000 after acquiring an additional 1,393,591 shares during the last quarter. Norges Bank bought a new stake in United Natural Foods in the 4th quarter valued at $9,162,000. Two Sigma Investments LP increased its holdings in shares of United Natural Foods by 259.8% in the 4th quarter. Two Sigma Investments LP now owns 1,117,797 shares of the company’s stock worth $11,837,000 after buying an additional 807,104 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in United Natural Foods by 743.3% during the 4th quarter. Two Sigma Advisers LP now owns 822,534 shares of the company’s stock valued at $8,711,000 after purchasing an additional 725,000 shares during the last quarter. Institutional investors own 98.17% of the company’s stock.

Several brokerages have recently weighed in on UNFI. BidaskClub cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised shares of United Natural Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. Loop Capital lowered their price target on shares of United Natural Foods to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Pivotal Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating and lowered their price target for the stock from $14.00 to $8.00 in a research report on Thursday, March 7th. Finally, Barclays cut shares of United Natural Foods from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 12th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.13.

Shares of NASDAQ UNFI opened at $11.62 on Thursday. United Natural Foods Inc has a 1 year low of $9.23 and a 1 year high of $47.73. The firm has a market cap of $585.96 million, a P/E ratio of 3.74, a PEG ratio of 0.82 and a beta of 2.15. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.21. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.01 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. During the same period last year, the firm posted $0.71 earnings per share. On average, research analysts anticipate that United Natural Foods Inc will post 1.73 EPS for the current year.

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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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