Citizens Financial Group Inc. RI Makes New $182,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Citizens Financial Group Inc. RI purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,799 shares of the company’s stock, valued at approximately $182,000.

Several other large investors have also made changes to their positions in UNFI. 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 worth $3,461,000 after acquiring an additional 122,626 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in United Natural Foods during the 1st quarter valued at about $2,317,000. Vanguard Group Inc. grew its holdings in shares of United Natural Foods by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after purchasing an additional 321,020 shares in the last quarter. Aristeia Capital L.L.C. acquired a new position in shares of United Natural Foods in the second quarter worth $661,000. Finally, SG Americas Securities LLC acquired a new position in United Natural Foods during the 3rd quarter worth $548,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNFI has been the topic of a number of recent analyst reports. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. UBS Group boosted 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. The Goldman Sachs Group increased their target price 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. Finally, BMO Capital Markets lifted their price objective on shares of United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.40.

United Natural Foods Price Performance

UNFI stock opened at $23.61 on Monday. The company has a market cap of $1.41 billion, a P/E ratio of -12.49 and a beta of 0.62. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $19.92 and its 200 day moving average price is $15.64. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $23.78.

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

Insiders Place Their Bets

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the transaction, the insider now directly owns 88,218 shares in the company, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

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.