United Natural Foods, Inc. (NYSE:UNFI) Position Lessened by Ieq Capital LLC

Ieq Capital LLC lowered its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,414 shares of the company’s stock after selling 398 shares during the quarter. Ieq Capital LLC’s holdings in United Natural Foods were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of United Natural Foods by 1.5% during the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock valued at $40,094,000 after buying an additional 34,522 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in United Natural Foods during the 3rd quarter valued at $595,000. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 96,341 shares during the period. Brighton Jones LLC bought a new position in shares of United Natural Foods in the fourth quarter worth $656,000. Finally, Adero Partners LLC acquired a new position in shares of United Natural Foods during the fourth quarter valued at $243,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Up 0.3 %

Shares of NYSE:UNFI opened at $31.69 on Friday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -20.18 and a beta of 0.62. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76. The company has a 50 day moving average price of $29.59 and a 200 day moving average price of $23.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Roth Mkm increased their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, January 10th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price target on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $26.40.

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.