Wolverine Asset Management LLC Acquires 5,000 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Wolverine Asset Management LLC grew its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 46.3% in the 3rd quarter, Holdings Channel reports. The fund owned 15,800 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in United Natural Foods were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in United Natural Foods by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after purchasing an additional 321,020 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock valued at $23,235,000 after buying an additional 587,163 shares during the period. American Century Companies Inc. raised its holdings in shares of United Natural Foods by 23.1% during the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after acquiring an additional 237,496 shares during the period. Panagora Asset Management Inc. lifted its position in United Natural Foods by 4.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company’s stock valued at $4,494,000 after acquiring an additional 13,165 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in 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 period. Institutional investors and hedge funds own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their target price on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. UBS Group raised their price target on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.40.

United Natural Foods Trading Up 3.2 %

Shares of United Natural Foods stock opened at $21.40 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of -11.32 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $23.15. The business’s 50 day moving average is $19.00 and its 200-day moving average is $15.01.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) earnings per share. Equities research analysts predict that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $19.78, for a total transaction of $299,706.56. Following the completion of the sale, the insider now owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.