Harvest Fund Management Co. Ltd Makes New $37,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,340 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds have also recently made changes to their positions in UNFI. Quest Partners LLC purchased a new stake in United Natural Foods in the 3rd quarter valued at about $157,000. Citizens Financial Group Inc. RI bought a new stake in shares of United Natural Foods during the third quarter valued at approximately $182,000. Intech Investment Management LLC boosted its holdings in shares of United Natural Foods by 47.7% in the third quarter. Intech Investment Management LLC now owns 31,591 shares of the company’s stock valued at $531,000 after purchasing an additional 10,199 shares during the period. Pekin Hardy Strauss Inc. purchased a new position in United Natural Foods during the 3rd quarter worth $595,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in United Natural Foods during the 3rd quarter worth $239,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Up 0.3 %

NYSE UNFI opened at $26.15 on Monday. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $34.76. The company has a 50 day moving average price of $29.37 and a 200 day moving average price of $24.67. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.58 billion, a PE ratio of -16.65 and a beta of 0.56.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) 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 the consensus estimate of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. As a group, sell-side analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

UNFI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on 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 shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, March 12th. Finally, BMO Capital Markets boosted 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 research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, United Natural Foods presently has a consensus rating of “Hold” and a consensus 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.