United Natural Foods, Inc. (NYSE:UNFI) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in United Natural Foods, Inc. (NYSE:UNFI) by 118.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,937 shares of the company’s stock after purchasing an additional 96,341 shares during the period. JPMorgan Chase & Co. owned about 0.30% of United Natural Foods worth $2,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in United Natural Foods by 86.6% during the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after acquiring an additional 122,626 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock valued at $1,820,000 after purchasing an additional 84,257 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of United Natural Foods in the 2nd quarter valued at $917,000. Bank of Montreal Can boosted its holdings in United Natural Foods by 393.9% in the second quarter. Bank of Montreal Can now owns 86,658 shares of the company’s stock worth $1,147,000 after purchasing an additional 69,111 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new position in United Natural Foods during the second quarter worth $661,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UNFI shares. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Roth Mkm lifted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.20.

United Natural Foods Stock Up 2.0 %

UNFI stock opened at $28.58 on Monday. The business’s 50-day simple moving average is $25.89 and its 200 day simple moving average is $19.70. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.71 billion, a PE ratio of -18.20 and a beta of 0.63. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $32.20.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.