Zions Bancorporation acquired a new stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,810 shares of the company’s stock, valued at approximately $283,000.

Several other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in United Natural Foods in the 2nd quarter valued at approximately $716,000. Adirondack Research & Management Inc. bought a new stake in United Natural Foods in the 2nd quarter valued at approximately $1,725,000. GAM Holding AG bought a new stake in United Natural Foods in the 2nd quarter valued at approximately $1,156,000. Pictet Asset Management Ltd. lifted its stake in United Natural Foods by 22.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock valued at $13,275,000 after acquiring an additional 58,779 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in United Natural Foods by 349.1% in the 2nd quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after acquiring an additional 279,291 shares in the last quarter.

United Natural Foods, Inc. (NASDAQ:UNFI) opened at $49.62 on Tuesday. The firm has a market capitalization of $2,507.44, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. United Natural Foods, Inc. has a 1 year low of $29.53 and a 1 year high of $52.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same quarter in the previous year, the firm earned $0.58 EPS. sell-side analysts forecast that United Natural Foods, Inc. will post 2.74 earnings per share for the current fiscal year.

United Natural Foods declared that its board has authorized a share repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have commented on UNFI shares. BMO Capital Markets restated a “market perform” rating and issued a $40.00 target price (up previously from $38.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Argus upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Monday, September 25th. Royal Bank of Canada cut United Natural Foods from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $36.00 to $34.00 in a research note on Tuesday, October 17th. Jefferies Group restated a “hold” rating on shares of United Natural Foods in a research note on Monday, October 16th. Finally, Susquehanna Bancshares started coverage on United Natural Foods in a research note on Monday, October 16th. They issued a “neutral” rating and a $43.00 target price on the stock. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.33.

In related news, Director James P. Heffernan sold 2,660 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total transaction of $117,784.80. Following the transaction, the director now directly owns 29,724 shares of the company’s stock, valued at approximately $1,316,178.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Michael Hummel sold 1,407 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The disclosure for this sale can be found here. Insiders have sold a total of 61,498 shares of company stock worth $2,659,539 in the last ninety days. Insiders own 1.40% of the company’s stock.

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United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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

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