Optimize Financial Inc Purchases Shares of 30,946 United Natural Foods, Inc. (NYSE:UNFI)

Optimize Financial Inc acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) in the 4th quarter, HoldingsChannel reports. The firm acquired 30,946 shares of the company’s stock, valued at approximately $845,000.

Several other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 372 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in United Natural Foods in the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods in the fourth quarter worth about $37,000. Sterling Capital Management LLC lifted its position in shares of United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after purchasing an additional 1,672 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of United Natural Foods by 46.0% during 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 during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Trading Up 1.8 %

NYSE:UNFI opened at $24.15 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -15.38 and a beta of 1.08. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76. The business’s 50-day moving average price is $28.34 and its two-hundred day moving average price is $25.76. 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 announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.96 billion. During the same period last year, the company posted $0.07 EPS. United Natural Foods’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on UNFI shares. StockNews.com raised United Natural Foods from a “hold” rating to a “buy” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective 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. Finally, CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.50.

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.