Cooke & Bieler LP raised its stake in shares of United Natural Foods Inc. (NASDAQ:UNFI) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 652,458 shares of the company’s stock after buying an additional 16,640 shares during the period. Cooke & Bieler LP owned 1.30% of United Natural Foods worth $30,535,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of United Natural Foods by 75.9% in the second quarter. LS Investment Advisors LLC now owns 3,062 shares of the company’s stock valued at $143,000 after buying an additional 1,321 shares during the last quarter. M&T Bank Corp boosted its position in shares of United Natural Foods by 1.2% in the first quarter. M&T Bank Corp now owns 6,179 shares of the company’s stock valued at $249,000 after buying an additional 76 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of United Natural Foods during the first quarter valued at $254,000. Acadian Asset Management LLC acquired a new position in shares of United Natural Foods during the second quarter valued at $296,000. Finally, Credit Agricole S A acquired a new position in shares of United Natural Foods during the first quarter valued at $316,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

United Natural Foods Inc. (NASDAQ:UNFI) traded down 0.07% on Tuesday, hitting $41.24. 149,309 shares of the stock were exchanged. The company has a 50-day moving average of $41.43 and a 200 day moving average of $42.07. The firm has a market cap of $2.08 billion, a P/E ratio of 16.50 and a beta of 1.04. United Natural Foods Inc. has a 12 month low of $29.75 and a 12 month high of $55.69.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Monday, September 12th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $2.21 billion for the quarter. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Equities research analysts expect that United Natural Foods Inc. will post $2.60 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. BMO Capital Markets set a $45.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley set a $36.00 target price on shares of United Natural Foods and gave the stock a “sell” rating in a research report on Tuesday, September 13th. Deutsche Bank AG set a $43.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Royal Bank Of Canada lifted their target price on shares of United Natural Foods from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 14th. Finally, Zacks Investment Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and an average price target of $44.36.

About United Natural Foods

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

5 Day Chart for NASDAQ:UNFI

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