8,911 Shares in United Natural Foods, Inc. (NYSE:UNFI) Bought by Adero Partners LLC

Adero Partners LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,911 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of United Natural Foods by 1.5% in the third 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 during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in United Natural Foods during the third quarter valued at $595,000. JPMorgan Chase & Co. increased its stake in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock valued at $2,993,000 after purchasing an additional 96,341 shares during the last quarter. Brighton Jones LLC bought a new stake in United Natural Foods during the fourth quarter valued at $656,000. Finally, SG Americas Securities LLC increased 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 valued at $1,483,000 after purchasing an additional 21,750 shares during the last quarter. Institutional investors own 87.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Roth Mkm boosted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. BMO Capital Markets boosted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.20.

United Natural Foods Stock Performance

UNFI stock opened at $30.80 on Friday. The company has a 50-day simple moving average of $27.75 and a 200 day simple moving average of $21.21. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $32.20. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current 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.