Keynote Financial Services LLC Purchases New Shares in United Natural Foods, Inc. (NYSE:UNFI)

Keynote Financial Services LLC bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 16,426 shares of the company’s stock, valued at approximately $189,000.

Several other institutional investors also recently modified their holdings of UNFI. Headlands Technologies LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at approximately $32,000. Quest Partners LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at approximately $35,000. Spire Wealth Management grew its position in shares of United Natural Foods by 68.2% in the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock valued at $37,000 after purchasing an additional 1,310 shares during the period. Public Employees Retirement System of Ohio acquired a new position in United Natural Foods during the 1st quarter worth approximately $38,000. Finally, Allspring Global Investments Holdings LLC boosted its position in United Natural Foods by 317.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after acquiring an additional 2,763 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

UNFI traded down $0.15 during trading hours on Friday, reaching $14.60. The company’s stock had a trading volume of 757,943 shares, compared to its average volume of 506,436. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $21.22. The company’s 50-day moving average is $13.42 and its 200-day moving average is $12.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. The firm has a market cap of $868.26 million, a PE ratio of -6.06 and a beta of 0.68.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.51 billion. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts forecast that United Natural Foods, Inc. will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UNFI. UBS Group upped their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Roth Mkm upped their price target on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.60.

United Natural Foods Company Profile

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.