Cascade Investment Advisors Inc. raised its stake in shares of United Natural Foods Inc (NASDAQ:UNFI) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,790 shares of the company’s stock after acquiring an additional 1,075 shares during the period. Cascade Investment Advisors Inc.’s holdings in United Natural Foods were worth $301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UNFI. BlackRock Inc. increased its position in shares of United Natural Foods by 4.1% during the third quarter. BlackRock Inc. now owns 6,129,467 shares of the company’s stock valued at $183,578,000 after acquiring an additional 240,901 shares during the last quarter. FMR LLC grew its holdings in shares of United Natural Foods by 16.6% in the third quarter. FMR LLC now owns 2,339,596 shares of the company’s stock valued at $70,071,000 after purchasing an additional 332,680 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of United Natural Foods by 6.1% in the third quarter. Allianz Asset Management GmbH now owns 78,999 shares of the company’s stock valued at $2,366,000 after purchasing an additional 4,513 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of United Natural Foods by 211.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,219 shares of the company’s stock valued at $156,000 after purchasing an additional 3,543 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of United Natural Foods in the third quarter valued at approximately $9,538,000. Institutional investors and hedge funds own 98.17% of the company’s stock.

A number of brokerages recently weighed in on UNFI. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, March 19th. Barclays cut shares of United Natural Foods from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 12th. Pivotal Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating and dropped their price objective for the company from $14.00 to $8.00 in a report on Thursday, March 7th. Loop Capital dropped their price objective on shares of United Natural Foods to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Finally, BidaskClub upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and an average target price of $21.13.

Shares of United Natural Foods stock opened at $13.65 on Monday. The company has a market capitalization of $662.19 million, a P/E ratio of 4.39, a PEG ratio of 0.82 and a beta of 2.15. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. United Natural Foods Inc has a 52-week low of $9.23 and a 52-week high of $47.73.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, March 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.21. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.71 EPS. On average, equities research analysts anticipate that United Natural Foods Inc will post 1.73 EPS for the current fiscal 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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