BB&T Securities LLC boosted its holdings in shares of United Natural Foods Inc (NYSE:UNFI) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 101,802 shares of the company’s stock after acquiring an additional 11,798 shares during the quarter. BB&T Securities LLC’s holdings in United Natural Foods were worth $1,179,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its holdings in United Natural Foods by 3.2% during the second quarter. BlackRock Inc. now owns 7,746,160 shares of the company’s stock valued at $69,484,000 after buying an additional 240,001 shares during the period. Vanguard Group Inc. increased its holdings in United Natural Foods by 10.1% during the second quarter. Vanguard Group Inc. now owns 5,548,900 shares of the company’s stock valued at $49,774,000 after buying an additional 509,989 shares during the period. Bank of America Corp DE increased its holdings in United Natural Foods by 247.3% during the second quarter. Bank of America Corp DE now owns 2,383,841 shares of the company’s stock valued at $21,383,000 after buying an additional 1,697,419 shares during the period. Towle & Co. increased its holdings in United Natural Foods by 27.9% during the second quarter. Towle & Co. now owns 2,000,497 shares of the company’s stock valued at $17,944,000 after buying an additional 436,960 shares during the period. Finally, Invesco Ltd. increased its holdings in United Natural Foods by 162.6% during the second quarter. Invesco Ltd. now owns 1,238,590 shares of the company’s stock valued at $11,110,000 after buying an additional 766,843 shares during the period. 91.79% of the stock is currently owned by institutional investors.

In related news, Director Peter Roy acquired 10,000 shares of the stock in a transaction dated Monday, October 7th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now owns 49,154 shares of the company’s stock, valued at approximately $368,655. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director James L. Muehlbauer acquired 30,000 shares of the stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $6.91 per share, with a total value of $207,300.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $207,300. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

NYSE UNFI opened at $8.46 on Friday. The firm’s fifty day simple moving average is $8.51 and its two-hundred day simple moving average is $9.63. The company has a current ratio of 1.69, a quick ratio of 0.70 and a debt-to-equity ratio of 1.94. United Natural Foods Inc has a 12-month low of $6.56 and a 12-month high of $24.58. The firm has a market capitalization of $441.87 million, a P/E ratio of 4.07, a P/E/G ratio of 0.71 and a beta of 2.10.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.08). United Natural Foods had a positive return on equity of 6.59% and a negative net margin of 1.33%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. United Natural Foods’s revenue for the quarter was up 147.2% compared to the same quarter last year. As a group, sell-side analysts predict that United Natural Foods Inc will post 1.34 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. BMO Capital Markets lowered shares of United Natural Foods from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $10.00 to $5.00 in a report on Friday, August 2nd. Wells Fargo & Co cut their price target on shares of United Natural Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, October 2nd. Loop Capital cut their price target on shares of United Natural Foods to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. BidaskClub raised shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Finally, Pivotal Research cut their price target on shares of United Natural Foods from $6.00 to $3.00 and set a “sell” rating on the stock in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.07.

United Natural Foods Profile

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 (NYSE:UNFI)

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