Brighton Jones LLC Makes New $656,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Brighton Jones LLC bought a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,022 shares of the company's stock, valued at approximately $656,000.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in 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 period. Geode Capital Management LLC raised its holdings in shares of United Natural Foods by 1.1% during 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 last quarter. Hauser Brothers GmbH boosted its position in shares of United Natural Foods by 0.6% during the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company's stock worth $15,340,000 after buying an additional 5,000 shares during the period. Renaissance Technologies LLC grew its holdings in United Natural Foods by 86.6% in the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company's stock worth $3,461,000 after buying an additional 122,626 shares in the last quarter. Finally, Empowered Funds LLC increased its position in United Natural Foods by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 194,772 shares of the company's stock valued at $3,276,000 after acquiring an additional 9,916 shares during the period. 87.63% of the stock is owned by institutional investors.

United Natural Foods Price Performance

NYSE UNFI traded up $1.38 on Friday, reaching $28.95. The company's stock had a trading volume of 702,113 shares, compared to its average volume of 483,382. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $32.20. 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's 50 day moving average is $26.58 and its two-hundred day moving average is $20.20.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNFI. Roth Mkm boosted their price target 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. UBS Group upped their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, January 10th. Finally, Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.20.

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.