The United Natural Foods Inc. (UNFI) Stake Raised by Teacher Retirement System of Texas

The United Natural Foods Inc. (UNFI) Stake Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in United Natural Foods Inc. (NASDAQ:UNFI) by 13.8% during the second quarter, Holdings Channel reports. The fund owned 7,022 shares of the company’s stock after buying an additional 850 shares during the period. Teacher Retirement System of Texas’ holdings in United Natural Foods were worth $329,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aperio Group LLC increased its stake in United Natural Foods by 14.5% in the first quarter. Aperio Group LLC now owns 21,398 shares of the company’s stock valued at $862,000 after buying an additional 2,713 shares during the last quarter. Ngam Advisors L.P. bought a new stake in United Natural Foods during the first quarter valued at about $648,000. TIAA CREF Investment Management LLC increased its stake in United Natural Foods by 58.4% in the first quarter. TIAA CREF Investment Management LLC now owns 311,876 shares of the company’s stock valued at $12,569,000 after buying an additional 114,983 shares during the last quarter. Prudential Financial Inc. increased its stake in United Natural Foods by 562.3% in the first quarter. Prudential Financial Inc. now owns 217,028 shares of the company’s stock valued at $8,746,000 after buying an additional 184,257 shares during the last quarter. Finally, BlackRock Inc. increased its stake in United Natural Foods by 13.1% in the first quarter. BlackRock Inc. now owns 20,967 shares of the company’s stock valued at $845,000 after buying an additional 2,424 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

United Natural Foods Inc. (NASDAQ:UNFI) opened at 42.32 on Friday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.93 and a beta of 1.04. The company has a 50 day moving average price of $41.77 and a 200-day moving average price of $42.03. United Natural Foods Inc. has a 52 week low of $29.75 and a 52 week high of $55.69.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Monday, September 12th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The firm earned $2.21 billion during the quarter. United Natural Foods had a return on equity of 8.85% and a net margin of 1.48%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts predict that United Natural Foods Inc. will post $2.60 earnings per share for the current year.

Several analysts have issued reports on UNFI shares. TheStreet upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Zacks Investment Research cut United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $40.00 target price (down previously from $45.00) on shares of United Natural Foods in a research note on Tuesday, August 16th. Deutsche Bank AG set a $43.00 target price on United Natural Foods and gave the company a “hold” rating in a research note on Tuesday, September 13th. Finally, Morgan Stanley set a $36.00 target price on United Natural Foods and gave the company a “sell” rating in a research note on Tuesday, September 13th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $44.36.

About United Natural Foods

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

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