Kalos Management Inc. purchased a new position in United Natural Foods, Inc. (NASDAQ:UNFI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,688 shares of the company’s stock, valued at approximately $652,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation bought a new position in United Natural Foods in the 3rd quarter worth $283,000. Earnest Partners LLC raised its holdings in United Natural Foods by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 1,295,620 shares of the company’s stock worth $53,885,000 after purchasing an additional 9,532 shares during the period. Janus Henderson Group PLC raised its holdings in United Natural Foods by 130.1% in the 3rd quarter. Janus Henderson Group PLC now owns 18,766 shares of the company’s stock worth $780,000 after purchasing an additional 10,612 shares during the period. Vident Investment Advisory LLC raised its holdings in United Natural Foods by 29.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 68,847 shares of the company’s stock worth $2,863,000 after purchasing an additional 15,849 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in United Natural Foods by 1.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 74,565 shares of the company’s stock worth $3,102,000 after purchasing an additional 1,269 shares during the period.

A number of equities analysts recently commented on UNFI shares. Royal Bank Of Canada set a $34.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, August 29th. Pivotal Research reaffirmed a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a report on Tuesday, September 12th. BidaskClub raised United Natural Foods from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. BMO Capital Markets set a $38.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, August 29th. Finally, Argus raised United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, September 25th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.33.

In related news, Director Bates Ann Torre sold 7,190 shares of United Natural Foods stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Heffernan sold 2,660 shares of United Natural Foods stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total value of $117,784.80. Following the completion of the transaction, the director now owns 29,724 shares of the company’s stock, valued at approximately $1,316,178.72. The disclosure for this sale can be found here. Insiders sold 61,498 shares of company stock worth $2,659,539 over the last ninety days. Insiders own 1.40% of the company’s stock.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at $49.75 on Monday. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2,507.44, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. United Natural Foods, Inc. has a twelve month low of $29.53 and a twelve month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. equities research analysts predict that United Natural Foods, Inc. will post 2.74 EPS for the current year.

United Natural Foods declared that its board has approved a stock buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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