United Natural Foods, Inc. $UNFI Stock Holdings Lifted by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 50.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,000 shares of the company’s stock after acquiring an additional 63,000 shares during the quarter. United Natural Foods accounts for about 1.0% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 13th largest position. Hussman Strategic Advisors Inc.’s holdings in United Natural Foods were worth $4,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in United Natural Foods during the 2nd quarter worth approximately $1,592,000. Y Intercept Hong Kong Ltd boosted its position in shares of United Natural Foods by 836.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 130,677 shares of the company’s stock worth $3,046,000 after buying an additional 116,728 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of United Natural Foods during the second quarter valued at $256,000. AlphaQuest LLC raised its position in United Natural Foods by 90.6% during the second quarter. AlphaQuest LLC now owns 20,193 shares of the company’s stock valued at $471,000 after buying an additional 9,596 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in United Natural Foods by 205.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 63,084 shares of the company’s stock worth $1,470,000 after acquiring an additional 42,423 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Transactions at United Natural Foods

In related news, insider Danielle Benedict sold 11,655 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $35.31, for a total value of $411,538.05. Following the completion of the sale, the insider directly owned 89,544 shares in the company, valued at approximately $3,161,798.64. This represents a 11.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

UNFI has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on United Natural Foods from $26.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. UBS Group boosted their price objective on shares of United Natural Foods from $29.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, July 22nd. Roth Capital lifted their target price on shares of United Natural Foods from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group upped their price target on shares of United Natural Foods from $27.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

United Natural Foods Price Performance

Shares of UNFI opened at $37.38 on Tuesday. The firm has a market cap of $2.27 billion, a PE ratio of -19.17 and a beta of 0.88. The firm’s 50 day moving average price is $34.74 and its 200 day moving average price is $29.19. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.51 and a current ratio of 1.32. United Natural Foods, Inc. has a twelve month low of $19.62 and a twelve month high of $43.29.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, September 30th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.07. United Natural Foods had a negative net margin of 0.37% and a positive return on equity of 2.74%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.