Hazlett Burt & Watson Inc. Takes $27,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Hazlett Burt & Watson Inc. 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 disclosure with the SEC. The fund purchased 1,000 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also recently made changes to their positions in UNFI. Virtu Financial LLC acquired a new position in shares of United Natural Foods in the 4th quarter worth approximately $324,000. Amundi lifted its stake in United Natural Foods by 368.8% during the fourth quarter. Amundi now owns 62,830 shares of the company’s stock worth $1,813,000 after purchasing an additional 49,427 shares in the last quarter. State Street Corp boosted its position in shares of United Natural Foods by 1.5% during 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 period. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 96,341 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of United Natural Foods in the 4th quarter valued at $656,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Performance

Shares of UNFI opened at $27.38 on Tuesday. 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, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The stock has a 50 day moving average price of $29.24 and a 200 day moving average price of $25.19. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.44 and a beta of 0.56.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.96 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UNFI shares. The Goldman Sachs Group lifted their target price on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, March 12th. Wells Fargo & Company increased their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, January 10th. Roth Mkm boosted their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.50.

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.