Sigma Planning Corp purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,193 shares of the company’s stock, valued at approximately $504,000.
Other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in United Natural Foods during the 4th quarter valued at about $656,000. AQR Capital Management LLC increased its stake in United Natural Foods by 52.5% during the first quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock worth $3,064,000 after purchasing an additional 38,504 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of United Natural Foods by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company’s stock worth $962,000 after purchasing an additional 1,703 shares in the last quarter. Millennium Management LLC lifted its position in shares of United Natural Foods by 58.1% during the first quarter. Millennium Management LLC now owns 332,973 shares of the company’s stock worth $9,120,000 after purchasing an additional 122,412 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of United Natural Foods by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company’s stock valued at $17,132,000 after purchasing an additional 58,705 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.
United Natural Foods Trading Down 1.1%
NYSE UNFI opened at $48.56 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. United Natural Foods, Inc. has a 52 week low of $24.88 and a 52 week high of $57.02. The stock has a market capitalization of $2.94 billion, a PE ratio of -73.57 and a beta of 0.83. The firm has a 50 day moving average of $49.85 and a two-hundred day moving average of $44.11.
Analysts Set New Price Targets
UNFI has been the subject of a number of research reports. Roth Capital restated a “neutral” rating and issued a $43.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. UBS Group raised their price target on shares of United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $56.00 in a research note on Thursday, March 26th. Finally, Zacks Research raised United Natural Foods from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods has a consensus rating of “Hold” and a consensus price target of $46.38.
Get Our Latest Report on United Natural Foods
Insider Buying and Selling at United Natural Foods
In other United Natural Foods news, insider Danielle Benedict sold 4,807 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total value of $249,964.00. Following the sale, the insider directly owned 98,470 shares in the company, valued at $5,120,440. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Bushway sold 10,000 shares of United Natural Foods stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total value of $515,600.00. Following the sale, the insider directly owned 51,119 shares of the company’s stock, valued at $2,635,695.64. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.40% of the company’s stock.
United Natural Foods Company Profile
United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.
UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.
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