United Natural Foods (NYSE:UNFI) Trading 3.9% Higher

United Natural Foods, Inc. (NYSE:UNFI)’s share price rose 3.9% during mid-day trading on Friday . The stock traded as high as $16.42 and last traded at $16.42. Approximately 212,054 shares changed hands during trading, a decline of 67% from the average daily volume of 643,787 shares. The stock had previously closed at $15.80.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UNFI shares. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. UBS Group lifted their price target on United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Finally, Roth Mkm upped their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $13.60.

United Natural Foods Stock Up 4.5 %

The company has a market cap of $981.85 million, a price-to-earnings ratio of -6.59 and a beta of 0.64. The business has a fifty day moving average of $14.31 and a two-hundred day moving average of $12.52. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28.

Hedge Funds Weigh In On United Natural Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC raised its holdings in United Natural Foods by 12.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 162,402 shares of the company’s stock valued at $2,127,000 after acquiring an additional 18,400 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of United Natural Foods in the second quarter valued at approximately $233,000. Aristeia Capital L.L.C. acquired a new stake in shares of United Natural Foods in the second quarter valued at approximately $661,000. Bank of Montreal Can lifted its position in United Natural Foods by 393.9% during the second quarter. Bank of Montreal Can now owns 86,658 shares of the company’s stock worth $1,147,000 after buying an additional 69,111 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in United Natural Foods by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 130,775 shares of the company’s stock worth $1,713,000 after buying an additional 7,496 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Company 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.