United Natural Foods, Inc. (NYSE:UNFI) Shares Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 4.0% during the second quarter, Holdings Channel.com reports. The fund owned 343,052 shares of the company’s stock after acquiring an additional 13,165 shares during the period. Panagora Asset Management Inc.’s holdings in United Natural Foods were worth $4,494,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of UNFI. Bfsg LLC lifted its stake in shares of United Natural Foods by 27.8% during the second quarter. Bfsg LLC now owns 13,214 shares of the company’s stock worth $173,000 after buying an additional 2,874 shares during the period. Keynote Financial Services LLC boosted its position in United Natural Foods by 6.6% in the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock valued at $229,000 after buying an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in United Natural Foods by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock worth $488,000 after buying an additional 1,303 shares during the period. Diversified Trust Co raised its position in United Natural Foods by 1.4% during the 2nd quarter. Diversified Trust Co now owns 94,859 shares of the company’s stock worth $1,243,000 after buying an additional 1,322 shares during the last quarter. Finally, Baldwin Brothers LLC MA lifted its stake in United Natural Foods by 38.0% during the 2nd quarter. Baldwin Brothers LLC MA now owns 8,191 shares of the company’s stock valued at $107,000 after acquiring an additional 2,254 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of NYSE:UNFI traded up $0.37 during trading on Friday, reaching $15.13. The stock had a trading volume of 595,030 shares, compared to its average volume of 653,330. The business has a fifty day moving average price of $13.50 and a 200-day moving average price of $12.58. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $20.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. The stock has a market cap of $899.78 million, a PE ratio of -6.12 and a beta of 0.68.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.51 billion. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. United Natural Foods’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts forecast that United Natural Foods, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on UNFI shares. UBS Group increased their price objective on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. StockNews.com upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, Roth Mkm increased their target price on United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and a consensus price target of $13.60.

About United Natural Foods

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.