Proficio Capital Partners LLC Buys Shares of 10,159 United Natural Foods, Inc. (NYSE:UNFI)

Proficio Capital Partners LLC bought a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,159 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in UNFI. Versant Capital Management Inc grew its holdings in shares of United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC grew its holdings in shares of United Natural Foods by 46.0% during the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock worth $55,000 after purchasing an additional 639 shares during the period. Blue Trust Inc. grew its holdings in shares of United Natural Foods by 200.2% during the 4th quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock worth $87,000 after purchasing an additional 2,128 shares during the period. Van ECK Associates Corp grew its holdings in shares of United Natural Foods by 84.5% during the 4th quarter. Van ECK Associates Corp now owns 8,039 shares of the company’s stock worth $220,000 after purchasing an additional 3,682 shares during the period. Finally, Adero Partners LLC purchased a new position in shares of United Natural Foods during the 4th quarter worth $243,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

UNFI stock opened at $24.47 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a market capitalization of $1.47 billion, a P/E ratio of -15.58 and a beta of 0.56. The business’s 50-day moving average is $29.63 and its two-hundred day moving average is $24.03. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. Analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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