Renaissance Technologies LLC Buys 122,626 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Renaissance Technologies LLC boosted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 86.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,176 shares of the company’s stock after purchasing an additional 122,626 shares during the period. Renaissance Technologies LLC owned about 0.44% of United Natural Foods worth $3,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNFI. Private Management Group Inc. increased its position in shares of United Natural Foods by 49.5% during the 2nd quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock valued at $23,235,000 after purchasing an additional 587,163 shares during the last quarter. Vanguard Group Inc. increased its holdings in United Natural Foods by 4.4% during the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after buying an additional 321,020 shares during the last quarter. American Century Companies Inc. raised its position in United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after acquiring an additional 237,496 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of United Natural Foods during the 1st quarter worth $2,317,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of United Natural Foods during the 1st quarter valued at $1,655,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UNFI. UBS Group increased their target price on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. StockNews.com upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, Roth Mkm upped their target price on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.75.

United Natural Foods Stock Performance

Shares of NYSE UNFI opened at $16.73 on Monday. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $17.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. The business’s 50 day moving average is $14.68 and its two-hundred day moving average is $12.68. The stock has a market capitalization of $994.93 million, a P/E ratio of -6.94 and a beta of 0.64.

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.