SFE Investment Counsel Has $289,000 Position in United Natural Foods Inc (UNFI)

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SFE Investment Counsel increased its holdings in United Natural Foods Inc (NASDAQ:UNFI) by 48.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,649 shares of the company’s stock after purchasing an additional 3,129 shares during the quarter. SFE Investment Counsel’s holdings in United Natural Foods were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of United Natural Foods by 6.1% during the second quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock worth $251,204,000 after buying an additional 340,578 shares during the period. Bank of America Corp DE boosted its position in shares of United Natural Foods by 5.5% during the second quarter. Bank of America Corp DE now owns 904,965 shares of the company’s stock worth $38,605,000 after buying an additional 47,510 shares during the period. Northern Trust Corp boosted its position in shares of United Natural Foods by 5.7% during the second quarter. Northern Trust Corp now owns 893,046 shares of the company’s stock worth $38,098,000 after buying an additional 47,830 shares during the period. Cooke & Bieler LP boosted its position in shares of United Natural Foods by 4.1% during the second quarter. Cooke & Bieler LP now owns 524,187 shares of the company’s stock worth $22,362,000 after buying an additional 20,490 shares during the period. Finally, Hood River Capital Management LLC boosted its position in shares of United Natural Foods by 27.5% during the second quarter. Hood River Capital Management LLC now owns 520,133 shares of the company’s stock worth $22,189,000 after buying an additional 112,033 shares during the period. Institutional investors own 97.92% of the company’s stock.

In other news, Director James P. Heffernan sold 3,820 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the sale, the director now directly owns 6,960 shares in the company, valued at $205,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Shares of NASDAQ UNFI opened at $21.73 on Thursday. The firm has a market capitalization of $1.10 billion, a PE ratio of 6.99, a P/E/G ratio of 0.88 and a beta of 1.36. 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 12-month low of $21.16 and a 12-month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.09). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.61 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. As a group, analysts anticipate that United Natural Foods Inc will post 3.44 earnings per share for the current year.

Several research firms have recently commented on UNFI. Morgan Stanley lowered their price target on United Natural Foods from $41.00 to $27.00 and set a “sell” rating for the company in a research report on Monday, September 24th. Zacks Investment Research lowered United Natural Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Bank of America lowered their price target on United Natural Foods from $33.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, September 21st. Loop Capital set a $61.00 price target on United Natural Foods and gave the stock a “buy” rating in a research report on Friday, July 13th. Finally, BMO Capital Markets set a $28.00 price target on United Natural Foods and gave the stock a “hold” rating in a research report on Friday, September 21st. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.67.

United Natural Foods Profile

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.

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

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