Baader Bank Aktiengesellschaft Purchases New Stake in United Natural Foods, Inc. (NYSE:UNFI)

Baader Bank Aktiengesellschaft purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,751 shares of the company’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of United Natural Foods in the 3rd quarter valued at approximately $595,000. JPMorgan Chase & Co. lifted its holdings in shares of United Natural Foods by 118.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of United Natural Foods during the 4th quarter worth approximately $656,000. Finally, SG Americas Securities LLC increased its holdings in United Natural Foods by 66.8% in the 4th quarter. SG Americas Securities LLC now owns 54,316 shares of the company’s stock valued at $1,483,000 after purchasing an additional 21,750 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Performance

NYSE UNFI opened at $30.48 on Friday. The firm has a 50 day moving average of $27.18 and a two-hundred day moving average of $20.64. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $32.20. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. Sell-side analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UNFI shares. BMO Capital Markets raised their price target on 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. Wells Fargo & Company lifted their target price on United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, January 10th. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. Roth Mkm lifted their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.20.

About United Natural Foods

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.