361 Capital LLC bought a new position in United Natural Foods, Inc. (NASDAQ:UNFI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,707 shares of the company’s stock, valued at approximately $736,000.

A number of other hedge funds have also modified their holdings of the business. Kiltearn Partners LLP bought a new stake in shares of United Natural Foods during the second quarter valued at approximately $74,701,000. Dimensional Fund Advisors LP boosted its position in shares of United Natural Foods by 30.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock valued at $147,183,000 after buying an additional 939,946 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of United Natural Foods by 161.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after buying an additional 932,281 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of United Natural Foods during the third quarter valued at approximately $14,835,000. Finally, Alliancebernstein L.P. boosted its position in shares of United Natural Foods by 349.1% during the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after buying an additional 279,291 shares during the last quarter.

UNFI has been the topic of several analyst reports. TheStreet raised United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Loop Capital reissued a “buy” rating and issued a $50.00 price objective (up previously from $44.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Buckingham Research cut their price objective on United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 14th. Argus raised United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, September 25th. Finally, Zacks Investment Research raised United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and a consensus target price of $41.89.

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Shares of United Natural Foods, Inc. (NASDAQ UNFI) traded up $0.50 during trading on Tuesday, hitting $42.65. The stock had a trading volume of 957,300 shares, compared to its average volume of 781,938. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90. The company has a market cap of $2,160.00, a price-to-earnings ratio of 16.40, a PEG ratio of 3.09 and a beta of 1.38. United Natural Foods, Inc. has a 12-month low of $29.53 and a 12-month high of $49.58.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 9.42% and a net margin of 1.66%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. analysts expect that United Natural Foods, Inc. will post 2.71 EPS for the current year.

United Natural Foods announced that its board has authorized a stock repurchase program on Friday, October 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other United Natural Foods news, CFO Michael Paul Zechmeister sold 11,500 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $44.06, for a total value of $506,690.00. Following the completion of the sale, the chief financial officer now owns 1,997 shares in the company, valued at approximately $87,987.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James P. Heffernan sold 2,660 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total value of $117,784.80. Following the completion of the sale, the director now owns 29,724 shares of the company’s stock, valued at approximately $1,316,178.72. 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 90 days. 1.40% of the stock is currently owned by company insiders.

About United Natural Foods

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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