Brighton Jones LLC Invests $656,000 in United Natural Foods, Inc. (NYSE:UNFI)

Brighton Jones LLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,022 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. Ballentine Partners LLC increased its position in shares of United Natural Foods by 3.5% in the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company’s stock worth $424,000 after purchasing an additional 521 shares during the period. GAMMA Investing LLC raised its stake in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after purchasing an additional 639 shares in the last quarter. Creative Planning lifted its position in United Natural Foods by 7.6% during the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares during the period. Finally, nVerses Capital LLC grew its stake in United Natural Foods by 85.7% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after buying an additional 1,800 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Up 5.0 %

NYSE UNFI opened at $28.95 on Friday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -18.44 and a beta of 0.63. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month 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. The business’s fifty day moving average is $26.58 and its 200 day moving average is $20.20.

United Natural Foods (NYSE:UNFI) last announced its quarterly 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 firm had revenue of $7.90 billion for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of 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 restated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. UBS Group raised their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.20.

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.