131,831 Shares in United Natural Foods, Inc. (NYSE:UNFI) Purchased by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 131,831 shares of the company's stock, valued at approximately $3,637,000. Advisors Preferred LLC owned about 0.22% of United Natural Foods at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company's stock valued at $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of United Natural Foods during the third quarter valued at about $595,000. JPMorgan Chase & Co. increased its holdings in shares of United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after buying an additional 96,341 shares during the period. Brighton Jones LLC purchased a new position in shares of United Natural Foods in the fourth quarter worth about $656,000. Finally, Adero Partners LLC bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $243,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

Wall Street Analyst Weigh In

UNFI has been the subject of several recent research reports. Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. BMO Capital Markets boosted 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 research report on Wednesday, December 11th. Finally, Roth Mkm raised their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $25.20.

United Natural Foods Stock Up 3.1 %

UNFI traded up $0.97 on Wednesday, hitting $31.97. The company had a trading volume of 531,015 shares, compared to its average volume of 547,507. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $32.20. The stock has a fifty day simple moving average of $28.22 and a 200-day simple moving average of $21.70. 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 $1.92 billion, a P/E ratio of -20.36 and a beta of 0.62.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The company 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. As a group, equities analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal 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.