JPMorgan Chase & Co. Has $2.99 Million Holdings in United Natural Foods, Inc. (NYSE:UNFI)

JPMorgan Chase & Co. lifted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 118.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,937 shares of the company’s stock after purchasing an additional 96,341 shares during the period. JPMorgan Chase & Co.’s holdings in United Natural Foods were worth $2,993,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State Street Corp increased its position in United Natural Foods by 1.5% in the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after purchasing an additional 34,522 shares during the period. Geode Capital Management LLC boosted its stake in shares of United Natural Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock valued at $22,852,000 after purchasing an additional 14,928 shares during the last quarter. Hauser Brothers GmbH grew its position in shares of United Natural Foods by 0.6% during the 3rd quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock worth $15,340,000 after buying an additional 5,000 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 122,626 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in United Natural Foods by 5.4% in the third quarter. Empowered Funds LLC now owns 194,772 shares of the company’s stock valued at $3,276,000 after buying an additional 9,916 shares during the period. 87.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UNFI. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. The Goldman Sachs Group increased their target price on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets boosted their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, January 10th. Finally, UBS Group lifted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.20.

United Natural Foods Trading Up 2.0 %

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

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

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.