Hood River Capital Management LLC bought a new position in United Natural Foods, Inc. (NASDAQ:UNFI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 356,700 shares of the company’s stock, valued at approximately $14,835,000. Hood River Capital Management LLC owned approximately 0.70% of United Natural Foods as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of United Natural Foods by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock valued at $104,734,000 after purchasing an additional 84,579 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of United Natural Foods during the 3rd quarter valued at $715,000. Rhumbline Advisers raised its holdings in shares of United Natural Foods by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 114,489 shares of the company’s stock valued at $4,762,000 after purchasing an additional 1,676 shares in the last quarter. Sei Investments Co. raised its holdings in shares of United Natural Foods by 418.1% during the 3rd quarter. Sei Investments Co. now owns 18,767 shares of the company’s stock valued at $780,000 after purchasing an additional 15,145 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of United Natural Foods by 53.0% during the 3rd quarter. Jennison Associates LLC now owns 29,858 shares of the company’s stock valued at $1,242,000 after purchasing an additional 10,338 shares in the last quarter.

A number of research analysts have recently weighed in on UNFI shares. Royal Bank Of Canada set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, August 29th. Pivotal Research restated a “sell” rating and set a $32.00 price target on shares of United Natural Foods in a report on Tuesday, September 12th. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, August 29th. Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, October 10th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. United Natural Foods presently has an average rating of “Hold” and an average target price of $41.89.

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United Natural Foods, Inc. (NASDAQ:UNFI) traded up $1.19 during midday trading on Friday, reaching $40.86. 441,800 shares of the company’s stock traded hands, compared to its average volume of 782,041. The company has a quick ratio of 0.90, a current ratio of 2.36 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2,015.88, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 2.91 and a beta of 1.38. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $49.58.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. sell-side analysts forecast that United Natural Foods, Inc. will post 2.71 earnings per share for the current year.

United Natural Foods declared that its Board of Directors has initiated a stock repurchase plan on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

In other news, Director Peter Roy sold 2,660 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $40.43, for a total transaction of $107,543.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph J. Traficanti sold 5,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.25, for a total transaction of $250,850.00. Following the transaction, the senior vice president now directly owns 10,113 shares of the company’s stock, valued at $437,387.25. The disclosure for this sale can be found here. Insiders have sold a total of 61,498 shares of company stock valued at $2,659,539 over the last ninety days. 1.40% of the stock is owned by insiders.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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

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