SG Americas Securities LLC Acquires 21,750 Shares of United Natural Foods, Inc. (NYSE:UNFI)

SG Americas Securities LLC boosted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,316 shares of the company’s stock after purchasing an additional 21,750 shares during the quarter. SG Americas Securities LLC’s holdings in United Natural Foods were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UNFI. State Street Corp boosted its stake in United Natural Foods by 1.5% in the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock valued at $40,094,000 after purchasing an additional 34,522 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Natural Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after buying an additional 14,928 shares in the last quarter. Hauser Brothers GmbH boosted its position in shares of United Natural Foods by 0.6% in the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock valued at $15,340,000 after acquiring an additional 5,000 shares during the period. Renaissance Technologies LLC grew its stake in shares of United Natural Foods by 86.6% in the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after acquiring an additional 122,626 shares in the last quarter. Finally, Empowered Funds LLC increased its position in United Natural Foods by 5.4% during the third quarter. Empowered Funds LLC now owns 194,772 shares of the company’s stock worth $3,276,000 after acquiring an additional 9,916 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Price Performance

United Natural Foods stock opened at $29.17 on Tuesday. 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 stock has a market capitalization of $1.75 billion, a P/E ratio of -18.58 and a beta of 0.63. The stock has a fifty day moving average of $26.73 and a 200-day moving average of $20.38.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UNFI has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price target on 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. Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. Roth Mkm increased their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and an average price target of $25.20.

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.