Dynamic Technology Lab Private Ltd Makes New $239,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Dynamic Technology Lab Private Ltd bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,232 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of United Natural Foods by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after acquiring an additional 321,020 shares during the period. Private Management Group Inc. grew its stake in United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock worth $23,235,000 after purchasing an additional 587,163 shares during the period. American Century Companies Inc. raised its holdings in United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after purchasing an additional 237,496 shares in the last quarter. Panagora Asset Management Inc. lifted its position in United Natural Foods by 4.0% during the second quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company’s stock valued at $4,494,000 after buying an additional 13,165 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of United Natural Foods by 86.6% during the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after buying an additional 122,626 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Insider Activity

In other news, insider Danielle Benedict sold 9,050 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the transaction, the insider now directly owns 88,218 shares of the company’s stock, valued at $1,949,617.80. This represents a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

United Natural Foods Price Performance

Shares of UNFI opened at $24.83 on Monday. The company has a market capitalization of $1.49 billion, a P/E ratio of -13.14 and a beta of 0.62. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $25.23. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $20.82 and a 200 day moving average of $16.12.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNFI. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. BMO Capital Markets lifted their target price on shares of United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, UBS Group lifted their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.40.

United Natural Foods Company 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.