Russell Investments Group Ltd. grew its stake in United Natural Foods Inc (NASDAQ:UNFI) by 106.8% during the third quarter, HoldingsChannel reports. The firm owned 47,110 shares of the company’s stock after buying an additional 24,328 shares during the quarter. Russell Investments Group Ltd.’s holdings in United Natural Foods were worth $1,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of United Natural Foods by 6.1% in the 2nd quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock valued at $251,204,000 after purchasing an additional 340,578 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of United Natural Foods by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 904,965 shares of the company’s stock valued at $38,605,000 after purchasing an additional 47,510 shares in the last quarter. Northern Trust Corp boosted its stake in shares of United Natural Foods by 5.7% in the 2nd quarter. Northern Trust Corp now owns 893,046 shares of the company’s stock valued at $38,098,000 after purchasing an additional 47,830 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of United Natural Foods by 20.8% in the 2nd quarter. Wells Fargo & Company MN now owns 441,725 shares of the company’s stock valued at $18,843,000 after purchasing an additional 76,199 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in shares of United Natural Foods by 6.8% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 436,992 shares of the company’s stock valued at $13,088,000 after purchasing an additional 27,728 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

NASDAQ:UNFI opened at $14.88 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56. United Natural Foods Inc has a one year low of $14.45 and a one year high of $52.55. The company has a market cap of $1.01 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, December 6th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.14). United Natural Foods had a return on equity of 8.61% and a net margin of 1.09%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts expect that United Natural Foods Inc will post 3.44 earnings per share for the current fiscal year.

In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the sale, the director now directly owns 6,960 shares in the company, valued at approximately $205,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on UNFI shares. Loop Capital set a $55.00 price target on shares of United Natural Foods and gave the company a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Buckingham Research set a $41.00 price target on shares of United Natural Foods and gave the company a “buy” rating in a research note on Thursday, September 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target (down from $36.00) on shares of United Natural Foods in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, Pivotal Research restated a “sell” rating and issued a $21.00 price target on shares of United Natural Foods in a research note on Friday, September 21st. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.11.

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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.

See Also: Debt-To-Equity Ratio

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

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