Connor Clark & Lunn Investment Management Ltd. Acquires 55,122 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 84.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 120,039 shares of the company’s stock after acquiring an additional 55,122 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in United Natural Foods were worth $3,278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of United Natural Foods in the fourth quarter valued at about $3,637,000. HighTower Advisors LLC bought a new position in United Natural Foods in the fourth quarter valued at approximately $2,867,000. JPMorgan Chase & Co. increased its position in shares of United Natural Foods by 118.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after purchasing an additional 96,341 shares during the last quarter. Empowered Funds LLC raised its stake in shares of United Natural Foods by 44.6% during the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock worth $7,694,000 after purchasing an additional 86,941 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock valued at $1,820,000 after buying an additional 84,257 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Trading Down 0.8 %

Shares of UNFI stock opened at $26.53 on Tuesday. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $34.76. The company has a market capitalization of $1.61 billion, a PE ratio of -16.90 and a beta of 0.56. The firm has a 50 day moving average price of $29.54 and a two-hundred day moving average price of $24.38. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.96 billion. During the same period last year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

UNFI has been the topic of a number of recent analyst reports. Roth Mkm upped their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their price target on 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 research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on 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 assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.50.

About United Natural Foods

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.