First Citizens Bank & Trust Co. Buys Shares of 5,529 United Natural Foods, Inc. (NASDAQ:UNFI)

First Citizens Bank & Trust Co. purchased a new stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,529 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in United Natural Foods by 34.4% in the first quarter. FMR LLC now owns 7,588,290 shares of the company’s stock valued at $328,042,000 after buying an additional 1,940,736 shares during the last quarter. BlackRock Inc. increased its stake in United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after buying an additional 5,220,963 shares during the last quarter. Vanguard Group Inc. increased its stake in United Natural Foods by 5.2% in the first quarter. Vanguard Group Inc. now owns 4,265,216 shares of the company’s stock valued at $184,386,000 after buying an additional 211,300 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in United Natural Foods by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,070,520 shares of the company’s stock valued at $132,737,000 after buying an additional 582,345 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in United Natural Foods by 23.9% in the first quarter. Bank of New York Mellon Corp now owns 2,523,258 shares of the company’s stock valued at $109,080,000 after buying an additional 486,874 shares during the last quarter.

United Natural Foods, Inc. (UNFI) opened at 35.79 on Friday. The stock’s 50 day moving average price is $36.65 and its 200-day moving average price is $40.50. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $49.74. The stock has a market capitalization of $1.81 billion, a PE ratio of 14.37 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Tuesday, June 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that United Natural Foods, Inc. will post $2.55 EPS for the current fiscal year.

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Several equities research analysts recently commented on UNFI shares. Jefferies Group LLC set a $44.00 price objective on United Natural Foods and gave the stock a “hold” rating in a report on Friday, May 26th. Citigroup Inc. reiterated a “buy” rating and issued a $49.00 price objective (down from $54.00) on shares of United Natural Foods in a report on Saturday, April 22nd. BMO Capital Markets set a $38.00 price objective on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, June 27th. Stephens started coverage on United Natural Foods in a report on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.57.

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.

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

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