Skandinaviska Enskilda Banken AB publ Takes $73,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Skandinaviska Enskilda Banken AB publ acquired a new position in United Natural Foods, Inc. (NYSE:UNFI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,674 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of United Natural Foods by 19.5% in the 1st quarter. CWM LLC now owns 3,229 shares of the company’s stock valued at $88,000 after purchasing an additional 526 shares during the last quarter. Covestor Ltd lifted its position in United Natural Foods by 36.4% in the fourth quarter. Covestor Ltd now owns 3,066 shares of the company’s stock valued at $84,000 after buying an additional 819 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in United Natural Foods by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company’s stock worth $913,000 after buying an additional 1,245 shares during the period. Quarry LP boosted its stake in United Natural Foods by 135.6% during the fourth quarter. Quarry LP now owns 2,667 shares of the company’s stock worth $73,000 after buying an additional 1,535 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock valued at $51,000 after acquiring an additional 1,672 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $27.88 on Thursday. The stock’s 50-day moving average is $25.37 and its two-hundred day moving average is $27.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -24.24 and a beta of 0.82. United Natural Foods, Inc. has a 1-year low of $12.00 and a 1-year high of $34.76.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.22. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The firm had revenue of $8.06 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. Analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, July 22nd. Wall Street Zen upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. The Goldman Sachs Group dropped their price objective on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, June 12th. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets lowered their target price on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, United Natural Foods has an average rating of “Hold” and an average price target of $28.13.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.