Point72 Asset Management L.P. Makes New $364,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Point72 Asset Management L.P. purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,636 shares of the company’s stock, valued at approximately $364,000.

Several other hedge funds have also made changes to their positions in UNFI. nVerses Capital LLC acquired a new stake in United Natural Foods during the 2nd quarter valued at $28,000. CWM LLC boosted its position in United Natural Foods by 661.8% during the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after acquiring an additional 2,879 shares during the period. Van ECK Associates Corp grew its stake in United Natural Foods by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after acquiring an additional 716 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of United Natural Foods in the 2nd quarter valued at about $94,000. Finally, Innealta Capital LLC purchased a new stake in shares of United Natural Foods in the second quarter worth approximately $97,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Performance

UNFI opened at $28.47 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.52 and a current ratio of 1.44. The company has a market cap of $1.71 billion, a PE ratio of -18.13 and a beta of 0.64. The stock has a 50-day moving average of $22.26 and a 200-day moving average of $17.00. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $32.20.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Transactions at United Natural Foods

In related news, insider Danielle Benedict sold 9,050 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

UNFI has been the topic of several research reports. UBS Group upped their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets lifted their price objective on United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday. Roth Mkm upped their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.60.

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.