Proficio Capital Partners LLC Takes Position in United Natural Foods, Inc. (NYSE:UNFI)

Proficio Capital Partners LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,159 shares of the company's stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after buying an additional 372 shares in the last quarter. Ballentine Partners LLC increased its holdings in United Natural Foods by 3.5% in the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock valued at $424,000 after acquiring an additional 521 shares during the last quarter. GAMMA Investing LLC lifted its stake in United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of United Natural Foods by 2.7% during the 4th quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock valued at $873,000 after purchasing an additional 834 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after purchasing an additional 1,557 shares in the last quarter. 87.63% of the stock is owned by institutional investors.

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United Natural Foods Trading Down 1.1 %

NYSE UNFI traded down $0.30 on Friday, hitting $26.67. 588,837 shares of the stock were exchanged, compared to its average volume of 704,721. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The firm has a market capitalization of $1.61 billion, a P/E ratio of -16.99 and a beta of 0.56. The stock has a fifty day moving average price of $29.26 and a two-hundred day moving average price of $25.10.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the business earned $0.07 EPS. The business's revenue was up 4.9% on a year-over-year basis. 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 recently commented on UNFI. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of 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 increased their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.50.

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.