Yousif Capital Management LLC Raises Position in United Natural Foods, Inc. (NYSE:UNFI)

Yousif Capital Management LLC raised its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,951 shares of the company’s stock after buying an additional 834 shares during the quarter. Yousif Capital Management LLC owned about 0.05% of United Natural Foods worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UNFI. State Street Corp grew its stake in United Natural Foods by 1.5% in the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after buying an additional 34,522 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in United Natural Foods in the third quarter worth $595,000. JPMorgan Chase & Co. increased its stake in United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock valued at $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Brighton Jones LLC purchased a new stake in United Natural Foods during the fourth quarter valued at about $656,000. Finally, SG Americas Securities LLC lifted its stake in United Natural Foods by 66.8% during the fourth quarter. SG Americas Securities LLC now owns 54,316 shares of the company’s stock worth $1,483,000 after purchasing an additional 21,750 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UNFI. Roth Mkm raised their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. BMO Capital Markets lifted 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 research report on Wednesday, December 11th. 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 note on Thursday. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, United Natural Foods has an average rating of “Hold” and a consensus target price of $26.40.

United Natural Foods Stock Down 1.1 %

Shares of NYSE:UNFI opened at $33.98 on Friday. The stock’s 50-day moving average is $28.62 and its 200 day moving average is $21.92. The company has a market cap of $2.04 billion, a PE ratio of -21.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 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 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current year.

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.