Peregrine Capital Management LLC Increases Position in United Natural Foods, Inc. (NASDAQ:UNFI)

Peregrine Capital Management LLC increased its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,481 shares of the company’s stock after buying an additional 2,881 shares during the period. Peregrine Capital Management LLC owned about 0.29% of United Natural Foods worth $5,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after buying an additional 5,220,963 shares during the last quarter. Paloma Partners Management Co raised its position in shares of United Natural Foods by 26.4% in the first quarter. Paloma Partners Management Co now owns 40,305 shares of the company’s stock worth $1,743,000 after buying an additional 8,427 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of United Natural Foods by 6.5% in the first quarter. Capstone Asset Management Co. now owns 8,849 shares of the company’s stock worth $383,000 after buying an additional 540 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of United Natural Foods by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $553,000 after buying an additional 300 shares during the last quarter. Finally, Shelton Capital Management raised its position in shares of United Natural Foods by 64.3% in the first quarter. Shelton Capital Management now owns 44,000 shares of the company’s stock worth $1,902,000 after buying an additional 17,221 shares during the last quarter.

United Natural Foods, Inc. (UNFI) traded down 0.06% during mid-day trading on Friday, reaching $35.79. 439,637 shares of the company’s stock traded hands. The company has a 50 day moving average price of $36.65 and a 200-day moving average price of $40.50. The stock has a market cap of $1.81 billion, a P/E ratio of 14.37 and a beta of 1.39. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $49.74.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, analysts anticipate that United Natural Foods, Inc. will post $2.55 EPS for the current year.

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A number of brokerages have recently commented on UNFI. Wells Fargo & Company reissued a “hold” rating on shares of United Natural Foods in a research report on Tuesday, June 6th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Pivotal Research reissued a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research report on Tuesday, June 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 price objective on shares of United Natural Foods in a research report on Wednesday, May 31st. Finally, BMO Capital Markets cut their price objective on shares of United Natural Foods from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, June 9th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.57.

United Natural Foods Company 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.

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

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