Royce & Associates LP Has $10.90 Million Position in United Natural Foods, Inc. (UNFI)
Royce & Associates LP boosted its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,156 shares of the company’s stock after buying an additional 45,456 shares during the quarter. Royce & Associates LP owned approximately 0.52% of United Natural Foods worth $10,903,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after buying an additional 1,162 shares during the period. Riverhead Capital Management LLC grew its position in shares of United Natural Foods by 80.6% in the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after purchasing an additional 2,095 shares during the period. Balasa Dinverno & Foltz LLC acquired a new stake in shares of United Natural Foods in the third quarter valued at about $208,000. Bell Bank acquired a new stake in shares of United Natural Foods in the third quarter valued at about $210,000. Finally, Flinton Capital Management LLC grew its position in shares of United Natural Foods by 76.9% in the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after purchasing an additional 2,240 shares during the period.
United Natural Foods, Inc. (NASDAQ:UNFI) opened at $51.43 on Thursday. The firm has a market cap of $2,500.89, a PE ratio of 19.01, a P/E/G ratio of 3.40 and a beta of 1.46. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week 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 analysts’ consensus estimates 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 net margin of 1.39% and a return on equity of 8.04%. During the same period in the previous year, the business posted $0.58 earnings per share. analysts anticipate that United Natural Foods, Inc. will post 2.74 EPS for the current fiscal year.
United Natural Foods declared that its Board of Directors has approved a share repurchase program on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other United Natural Foods news, SVP Joseph J. Traficanti sold 5,800 shares of United Natural Foods stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $250,850.00. Following the transaction, the senior vice president now directly owns 10,113 shares of the company’s stock, valued at $437,387.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Michael Hummel sold 1,407 shares of United Natural Foods stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.72, for a total transaction of $57,293.04. The disclosure for this sale can be found here. Insiders have sold 61,498 shares of company stock worth $2,659,539 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
Several brokerages have recently issued reports on UNFI. Buckingham Research dropped their target price on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 14th. Wells Fargo & Company reiterated a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a research report on Thursday, September 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $34.00 target price on shares of United Natural Foods in a research report on Monday, December 4th. Barclays reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $43.33.
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United Natural Foods 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.
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