Summit Securities Group LLC Invests $378,000 in United Natural Foods, Inc. (UNFI)

Summit Securities Group LLC purchased a new position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,311 shares of the company’s stock, valued at approximately $378,000.

Several other large investors have also recently modified their holdings of the stock. Liberty Mutual Group Asset Management Inc. increased its stake in shares of United Natural Foods by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock worth $985,000 after buying an additional 107 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after buying an additional 200 shares during the period. Advantus Capital Management Inc increased its stake in shares of United Natural Foods by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock worth $280,000 after buying an additional 200 shares during the period. Trust Co. of Vermont increased its stake in shares of United Natural Foods by 3.7% in the first quarter. Trust Co. of Vermont now owns 6,925 shares of the company’s stock worth $299,000 after buying an additional 250 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 98.62% of the company’s stock.

United Natural Foods, Inc. (NASDAQ:UNFI) opened at 36.24 on Friday. The firm’s 50-day moving average price is $36.55 and its 200-day moving average price is $40.88. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $50.15. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 14.55 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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A number of equities research analysts have recently weighed in on the company. Barclays PLC reiterated a “sell” rating and issued a $37.00 price target on shares of United Natural Foods in a report on Thursday, June 8th. Pivotal Research restated a “sell” rating on shares of United Natural Foods in a research report on Wednesday, June 7th. Deutsche Bank AG reduced their price objective on United Natural Foods from $46.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, June 7th. BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Loop Capital restated a “buy” rating and set a $44.00 price objective (down previously from $48.00) on shares of United Natural Foods in a research report on Monday, June 26th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and an average price target of $41.47.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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