Retirement Systems of Alabama reduced its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,222 shares of the company’s stock after selling 82 shares during the period. Retirement Systems of Alabama owned 0.13% of United Natural Foods worth $2,394,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after buying an additional 5,220,963 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of United Natural Foods by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock worth $5,302,000 after buying an additional 2,881 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of United Natural Foods by 26.4% in the first quarter. Paloma Partners Management Co now owns 40,305 shares of the company’s stock worth $1,743,000 after buying an additional 8,427 shares during the last quarter. Capstone Asset Management Co. increased 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 worth $383,000 after buying an additional 540 shares during the period. Finally, Louisiana State Employees Retirement System increased 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 worth $553,000 after buying an additional 300 shares during the period.
United Natural Foods, Inc. (NASDAQ:UNFI) opened at 35.65 on Thursday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 14.32 and a beta of 1.39. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $49.74. The firm’s 50-day moving average is $36.56 and its 200 day moving average is $40.24.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.
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A number of research analysts recently commented on the stock. ValuEngine downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research report on Tuesday, June 6th. BMO Capital Markets set a $45.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, Pivotal Research reaffirmed a “sell” rating on shares of United Natural Foods in a research report on Wednesday, June 7th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and an average target price of $41.57.
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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