Dynamic Technology Lab Private Ltd purchased a new stake in United Natural Foods, Inc. (NASDAQ:UNFI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 77,055 shares of the company’s stock, valued at approximately $3,205,000. United Natural Foods accounts for 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 8th largest position. Dynamic Technology Lab Private Ltd owned about 0.15% of United Natural Foods as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CS Mckee LP boosted its holdings in shares of United Natural Foods by 0.4% in the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after buying an additional 100 shares during the period. Amalgamated Bank boosted its holdings in shares of United Natural Foods by 2.8% in the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after buying an additional 196 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of United Natural Foods by 2.5% in the 2nd quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock valued at $316,000 after buying an additional 214 shares during the period. State Treasurer State of Michigan boosted its holdings in shares of United Natural Foods by 1.5% in the 2nd quarter. State Treasurer State of Michigan now owns 20,900 shares of the company’s stock valued at $767,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of United Natural Foods by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 21,300 shares of the company’s stock valued at $782,000 after buying an additional 300 shares during the period.

A number of research analysts have issued reports on UNFI shares. Pivotal Research reissued a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, October 10th. Bank of America Corporation reissued an “underperform” rating and set a $36.00 target price (up from $35.00) on shares of United Natural Foods in a research note on Thursday, September 14th. TheStreet lowered shares of United Natural Foods from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of United Natural Foods in a research note on Friday, September 8th. Six equities research 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’s stock. The company presently has an average rating of “Hold” and an average target price of $41.89.

United Natural Foods, Inc. (NASDAQ UNFI) traded up $1.29 during midday trading on Friday, hitting $42.15. 583,702 shares of the company were exchanged, compared to its average volume of 599,703. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90. United Natural Foods, Inc. has a twelve month low of $29.53 and a twelve month high of $49.58. The company has a market cap of $2,141.89, a P/E ratio of 16.40, a P/E/G ratio of 3.09 and a beta of 1.38.

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

United Natural Foods announced that its board has initiated a share buyback plan on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider John Michael Hummel sold 1,407 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $40.72, for a total transaction of $57,293.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter Roy sold 2,660 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $40.43, for a total transaction of $107,543.80. The disclosure for this sale can be found here. Insiders sold a total of 61,498 shares of company stock worth $2,659,539 over the last quarter. Insiders own 1.40% of the company’s stock.

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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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