Enhancing Capital LLC Takes Position in United Natural Foods, Inc. (NYSE:UNFI)

Enhancing Capital LLC bought a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 12,706 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors have also modified their holdings of UNFI. Advisors Preferred LLC purchased a new stake in shares of United Natural Foods during the fourth quarter worth $3,637,000. HighTower Advisors LLC purchased a new stake in shares of United Natural Foods during the fourth quarter worth $2,867,000. JPMorgan Chase & Co. raised its holdings in shares of United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after acquiring an additional 96,341 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of United Natural Foods by 44.6% during the fourth quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock worth $7,694,000 after acquiring an additional 86,941 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of United Natural Foods by 352.2% during the third quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after acquiring an additional 84,257 shares in the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Trading Down 1.3 %

Shares of NYSE:UNFI opened at $26.14 on Wednesday. The company has a market cap of $1.58 billion, a P/E ratio of -16.65 and a beta of 0.56. The stock’s 50-day moving average is $29.49 and its 200-day moving average is $24.46. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. 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 (NYSE:UNFI) last issued its quarterly 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. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 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 was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Equities research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on UNFI. BMO Capital Markets increased their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Roth Mkm increased their target price 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. 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 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 research report on Friday, January 10th. Finally, Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.