Brighton Jones LLC Invests $219,000 in United Natural Foods, Inc. (NYSE:UNFI)

Brighton Jones LLC purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,485 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth about $32,000. EMC Capital Management raised its position in shares of United Natural Foods by 17.7% during the third quarter. EMC Capital Management now owns 4,606 shares of the company’s stock worth $65,000 after purchasing an additional 691 shares during the period. Bfsg LLC bought a new position in shares of United Natural Foods during the fourth quarter worth about $110,000. Quantbot Technologies LP bought a new position in shares of United Natural Foods during the third quarter worth about $118,000. Finally, NBC Securities Inc. bought a new position in shares of United Natural Foods during the third quarter worth about $175,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Up 1.6 %

UNFI stock opened at $9.56 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 1.53. The business has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $14.08. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $28.37.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.87 billion. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts predict that United Natural Foods, Inc. will post -0.01 EPS for the current year.

Insider Transactions at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now directly owns 32,865 shares in the company, valued at approximately $373,017.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Roth Mkm reiterated a “neutral” rating and set a $13.00 price objective (down from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Finally, Wells Fargo & Company decreased their price objective on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.40.

United Natural Foods 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.