Bfsg LLC Decreases Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Bfsg LLC lessened its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 60.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,269 shares of the company's stock after selling 7,945 shares during the quarter. Bfsg LLC's holdings in United Natural Foods were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of UNFI. Advisors Preferred LLC purchased a new position in shares of United Natural Foods in the 4th quarter worth about $3,637,000. JPMorgan Chase & Co. raised its position in shares of United Natural Foods by 118.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after purchasing an additional 96,341 shares during the last quarter. Empowered Funds LLC raised its position in shares of United Natural Foods by 44.6% in the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company's stock worth $7,694,000 after purchasing an additional 86,941 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company's stock worth $1,820,000 after purchasing an additional 84,257 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in United Natural Foods in the 3rd quarter worth about $595,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UNFI. BMO Capital Markets boosted their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. Finally, 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 research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.40.

United Natural Foods Stock Performance

Shares of United Natural Foods stock traded down $0.62 during trading hours on Friday, reaching $31.68. 618,837 shares of the stock traded hands, compared to its average volume of 571,495. The company has a 50 day moving average price of $29.02 and a 200 day moving average price of $22.41. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -20.18 and a beta of 0.62. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate 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 was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. On average, equities research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

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.