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

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

Wall Street Analyst Weigh In

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

United Natural Foods Stock Performance

The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. The stock has a market cap of $981.85 million, a PE ratio of -6.59 and a beta of 0.64. The business’s 50-day moving average price is $14.31 and its 200-day moving average price is $12.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after acquiring an additional 115,308 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of United Natural Foods during the fourth quarter worth $1,497,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of United Natural Foods during the first quarter valued at $2,317,000. Vanguard Group Inc. raised its stake in United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after acquiring an additional 321,020 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in United Natural Foods during the 4th quarter worth about $227,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

About United Natural Foods

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.