United Natural Foods, Inc. (NYSE:UNFI) is Counterpoint Mutual Funds LLC’s 9th Largest Position

Counterpoint Mutual Funds LLC boosted its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 142.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,242 shares of the company’s stock after purchasing an additional 42,470 shares during the period. United Natural Foods makes up 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 9th biggest position. Counterpoint Mutual Funds LLC owned 0.12% of United Natural Foods worth $1,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNFI. Advisors Preferred LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at approximately $3,637,000. HighTower Advisors LLC acquired a new stake in United Natural Foods in the fourth quarter valued at $2,867,000. JPMorgan Chase & Co. boosted its stake in United Natural Foods by 118.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock valued at $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Empowered Funds LLC grew its holdings in United Natural Foods by 44.6% during the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock worth $7,694,000 after acquiring an additional 86,941 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after purchasing an additional 84,257 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $26.73 on Monday. 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 capitalization of $1.60 billion, a PE ratio of -17.03 and a beta of 0.56. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76. The business’s fifty day moving average price is $29.58 and its two-hundred day moving average price is $24.30.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. On average, research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UNFI shares. Wells Fargo & Company increased their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. Roth Mkm upped their price target on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and an average target price of $27.50.

United Natural Foods 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.