United Natural Foods, Inc. (NYSE:UNFI) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,499 shares of the company's stock after buying an additional 20,652 shares during the period. LPL Financial LLC owned approximately 0.34% of United Natural Foods worth $5,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Verition Fund Management LLC increased its holdings in United Natural Foods by 92.8% in the third quarter. Verition Fund Management LLC now owns 37,209 shares of the company's stock valued at $626,000 after buying an additional 17,914 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of United Natural Foods during the third quarter valued at approximately $364,000. State Street Corp lifted its position in shares of United Natural Foods by 1.5% in the third quarter. State Street Corp now owns 2,383,733 shares of the company's stock valued at $40,094,000 after acquiring an additional 34,522 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 worth $22,852,000 after acquiring an additional 14,928 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of United Natural Foods by 118.1% during the third 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 in the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Trading Up 1.8 %

NYSE:UNFI traded up $0.42 on Friday, hitting $24.15. The stock had a trading volume of 564,268 shares, compared to its average volume of 713,975. The company has a fifty day moving average price of $28.34 and a two-hundred day moving average price of $25.76. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76. 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 stock has a market cap of $1.46 billion, a price-to-earnings ratio of -15.38 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued 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 company had revenue of $8.16 billion during 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%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Equities research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on UNFI shares. StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Wednesday. Wells Fargo & Company raised 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. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group raised their target price on shares of 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and an average price target of $27.50.

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.