United Natural Foods, Inc. (NYSE:UNFI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in United Natural Foods, Inc. (NYSE:UNFI) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,018,248 shares of the company’s stock after acquiring an additional 442,574 shares during the period. American Century Companies Inc. owned 3.37% of United Natural Foods worth $55,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its position in United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 372 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods in the 4th quarter worth $37,000. GAMMA Investing LLC boosted its stake in United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after buying an additional 639 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock worth $65,000 after acquiring an additional 1,557 shares during the period. Finally, Blue Trust Inc. raised its position in United Natural Foods by 200.2% in the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock worth $87,000 after acquiring an additional 2,128 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Price Performance

UNFI opened at $27.41 on Thursday. The firm has a market capitalization of $1.66 billion, a P/E ratio of -17.46 and a beta of 0.56. The stock has a fifty day moving average of $29.32 and a 200-day moving average of $24.86. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $34.76.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. Equities analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UNFI. BMO Capital Markets raised their price objective 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. Roth Mkm raised 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. CL King raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. Wells Fargo & Company raised their price objective on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group boosted their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.50.

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.