Cooke & Bieler LP Buys 211,077 Shares of United Natural Foods, Inc. (UNFI)

Cooke & Bieler LP increased its stake in United Natural Foods, Inc. (NASDAQ:UNFI) by 33.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 838,915 shares of the company’s stock after buying an additional 211,077 shares during the period. Cooke & Bieler LP’s holdings in United Natural Foods were worth $36,266,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in UNFI. Tyers Asset Management LLC bought a new stake in shares of United Natural Foods during the fourth quarter valued at about $100,000. Flinton Capital Management LLC bought a new stake in shares of United Natural Foods during the fourth quarter valued at about $127,000. Advisor Group Inc. increased its stake in shares of United Natural Foods by 9.9% in the third quarter. Advisor Group Inc. now owns 3,527 shares of the company’s stock valued at $141,000 after buying an additional 318 shares during the period. Neuburgh Advisers LLC increased its stake in shares of United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the period. Finally, Bell Bank increased its stake in shares of United Natural Foods by 6.2% in the first quarter. Bell Bank now owns 5,381 shares of the company’s stock valued at $233,000 after buying an additional 315 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) traded up 0.75% during trading on Friday, hitting $40.18. The stock had a trading volume of 464,389 shares. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.89 and a beta of 1.24. United Natural Foods, Inc. has a 52 week low of $33.97 and a 52 week high of $52.18. The stock’s 50 day moving average is $41.61 and its 200 day moving average is $44.68.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, March 8th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. United Natural Foods had a return on equity of 8.48% and a net margin of 1.44%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities research analysts expect that United Natural Foods, Inc. will post $2.54 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on UNFI. Loop Capital began coverage on United Natural Foods in a report on Monday. They issued a “buy” rating and a $48.00 price target on the stock. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Goldman Sachs Group Inc began coverage on United Natural Foods in a report on Tuesday, January 31st. They issued a “neutral” rating and a $49.00 price target on the stock. Royal Bank of Canada reissued a “positive” rating and issued a $34.00 price target on shares of United Natural Foods in a report on Tuesday, March 14th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of United Natural Foods in a report on Wednesday, March 8th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.15.

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.

12 Month Chart for NASDAQ:UNFI

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