Cubist Systematic Strategies LLC Has $1.40 Million Stake in United Natural Foods, Inc. (NYSE:UNFI)

Cubist Systematic Strategies LLC trimmed its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 79.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,117 shares of the company’s stock after selling 196,586 shares during the period. Cubist Systematic Strategies LLC’s holdings in United Natural Foods were worth $1,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ballentine Partners LLC raised its holdings in shares of United Natural Foods by 3.5% during the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company’s stock worth $424,000 after acquiring an additional 521 shares during the period. Covestor Ltd raised its holdings in shares of United Natural Foods by 36.4% during the fourth quarter. Covestor Ltd now owns 3,066 shares of the company’s stock worth $84,000 after acquiring an additional 819 shares during the period. Yousif Capital Management LLC raised its holdings in shares of United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company’s stock worth $873,000 after acquiring an additional 834 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in shares of United Natural Foods during the fourth quarter worth $27,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of United Natural Foods during the fourth quarter worth $37,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UNFI shares. StockNews.com upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $27.50.

United Natural Foods Stock Up 0.9%

United Natural Foods stock opened at $28.49 on Wednesday. The firm has a market capitalization of $1.72 billion, a PE ratio of -18.15 and a beta of 1.08. The company’s 50-day moving average is $26.05 and its 200-day moving average is $26.69. United Natural Foods, Inc. has a fifty-two week low of $10.16 and a fifty-two week high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data 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. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

United Natural Foods 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.