Summit Securities Group LLC purchased a new stake in United Natural Foods, Inc. (NASDAQ:UNFI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,311 shares of the company’s stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNFI. BlackRock Inc. raised its position in United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after buying an additional 5,220,963 shares in the last quarter. Paloma Partners Management Co raised its position in United Natural Foods by 26.4% in the first quarter. Paloma Partners Management Co now owns 40,305 shares of the company’s stock valued at $1,743,000 after buying an additional 8,427 shares in the last quarter. Capstone Asset Management Co. raised its position in United Natural Foods by 6.5% in the first quarter. Capstone Asset Management Co. now owns 8,849 shares of the company’s stock valued at $383,000 after buying an additional 540 shares in the last quarter. Louisiana State Employees Retirement System raised its position in United Natural Foods by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $553,000 after buying an additional 300 shares in the last quarter. Finally, Shelton Capital Management raised its position in United Natural Foods by 64.3% in the first quarter. Shelton Capital Management now owns 44,000 shares of the company’s stock valued at $1,902,000 after buying an additional 17,221 shares in the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.

Shares of United Natural Foods, Inc. (UNFI) opened at 36.24 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 14.55 and a beta of 1.39. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $50.15. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $40.88.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Analysts anticipate that United Natural Foods, Inc. will post $2.55 EPS for the current year.

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Several research analysts have recently issued reports on UNFI shares. BMO Capital Markets set a $38.00 price target on United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “hold” rating and issued a $38.00 price target (down from $44.00) on shares of United Natural Foods in a research report on Sunday, June 25th. Morgan Stanley restated an “underweight” rating and issued a $33.00 price target (down from $36.00) on shares of United Natural Foods in a research report on Monday, June 19th. BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Citigroup Inc. restated a “buy” rating and issued a $46.00 price target (down from $49.00) on shares of United Natural Foods in a research report on Sunday, June 11th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average target price of $41.47.

About United Natural Foods

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

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