First Republic Investment Management Inc. Purchases New Position in United Natural Foods, Inc. (UNFI)

First Republic Investment Management Inc. purchased a new position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,233 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UNFI. Kiltearn Partners LLP bought a new position in United Natural Foods during the second quarter worth about $74,701,000. Dimensional Fund Advisors LP raised its stake in shares of United Natural Foods by 30.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock valued at $147,183,000 after acquiring an additional 939,946 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of United Natural Foods by 161.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after acquiring an additional 932,281 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of United Natural Foods in the third quarter valued at approximately $14,835,000. Finally, Alliancebernstein L.P. raised its stake in shares of United Natural Foods by 349.1% in the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after acquiring an additional 279,291 shares during the last quarter.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at $51.34 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2,578.00, a P/E ratio of 19.60, a P/E/G ratio of 3.20 and a beta of 1.46. United Natural Foods, Inc. has a fifty-two week low of $29.53 and a fifty-two week high of $52.69.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Thursday, December 7th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $0.58 EPS. research analysts expect that United Natural Foods, Inc. will post 2.74 EPS for the current year.

United Natural Foods announced that its board has approved a share repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In other United Natural Foods news, SVP Joseph J. Traficanti sold 4,950 shares of United Natural Foods stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $51.34, for a total transaction of $254,133.00. Following the completion of the sale, the senior vice president now owns 5,080 shares of the company’s stock, valued at approximately $260,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Heffernan sold 7,580 shares of United Natural Foods stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.01, for a total transaction of $394,235.80. The disclosure for this sale can be found here. Insiders have sold a total of 98,568 shares of company stock valued at $4,529,169 in the last ninety days. Company insiders own 1.40% of the company’s stock.

UNFI has been the subject of a number of research analyst reports. Royal Bank of Canada set a $34.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research note on Tuesday, August 29th. Pivotal Research reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a research note on Tuesday, September 12th. BidaskClub upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. BMO Capital Markets set a $38.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, September 25th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.33.

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United Natural Foods Profile

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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