Brighton Jones LLC Purchases Shares of 24,022 United Natural Foods, Inc. (NYSE:UNFI)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in 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 last quarter. Pekin Hardy Strauss Inc. acquired a new position in United Natural Foods during the 3rd quarter valued at about $595,000. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 96,341 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of United Natural Foods by 86.6% in the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock worth $3,461,000 after purchasing an additional 122,626 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after buying an additional 84,257 shares during the period. Institutional investors own 87.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNFI. Wells Fargo & Company increased their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research 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 report on Thursday, December 12th. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price target on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.20.

United Natural Foods Stock Up 5.0 %

Shares of UNFI opened at $28.95 on Friday. The firm has a market cap of $1.73 billion, a P/E ratio of -18.44 and a beta of 0.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $32.20. The firm’s 50-day simple moving average is $26.58 and its 200 day simple moving average is $20.20.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.