30,946 Shares in United Natural Foods, Inc. (NYSE:UNFI) Bought by Optimize Financial Inc

Optimize Financial Inc acquired a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,946 shares of the company's stock, valued at approximately $845,000. Optimize Financial Inc owned approximately 0.05% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNFI. Point72 Asset Management L.P. acquired a new stake in United Natural Foods in the third quarter worth about $364,000. State Street Corp raised its stake 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 worth $40,094,000 after buying an additional 34,522 shares during the last quarter. Geode Capital Management LLC lifted its holdings in United Natural Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company's stock valued at $22,852,000 after buying an additional 14,928 shares during the period. JPMorgan Chase & Co. boosted its stake in United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock valued at $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in 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 acquiring an additional 372 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of NYSE UNFI traded up $0.40 during mid-day trading on Thursday, reaching $24.63. 698,951 shares of the company were exchanged, compared to its average volume of 708,395. The stock has a market capitalization of $1.49 billion, a P/E ratio of -15.69 and a beta of 1.08. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company's 50-day simple moving average is $27.97 and its 200-day simple moving average is $25.85. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted 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 firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 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 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. As a group, research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

UNFI has been the subject of several recent analyst reports. StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a report on Wednesday, March 12th. Wells Fargo & Company lifted their target price on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group increased 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 analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.50.

About United Natural Foods

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.