Bfsg LLC Takes $110,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Bfsg LLC bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,790 shares of the company’s stock, valued at approximately $110,000.

A number of other hedge funds have also recently bought and sold shares of UNFI. EMC Capital Management grew its holdings in 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 acquiring an additional 691 shares during the period. Quantbot Technologies LP acquired a new stake in United Natural Foods during the 3rd quarter worth about $118,000. NBC Securities Inc. acquired a new stake in United Natural Foods during the 3rd quarter worth about $175,000. Handelsbanken Fonder AB acquired a new stake in United Natural Foods during the 3rd quarter worth about $186,000. Finally, Cerity Partners LLC boosted its position in United Natural Foods by 10.2% during the 4th quarter. Cerity Partners LLC now owns 12,774 shares of the company’s stock worth $207,000 after acquiring an additional 1,178 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

United Natural Foods Stock Performance

Shares of UNFI stock traded down $0.04 during trading on Thursday, reaching $8.78. The company had a trading volume of 184,949 shares, compared to its average volume of 685,569. The firm’s 50 day simple moving average is $12.24 and its two-hundred day simple moving average is $14.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $28.37. The company has a market capitalization of $521.88 million, a PE ratio of -4.52 and a beta of 0.55.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data 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. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.87 billion. During the same period last year, the business earned $0.78 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that United Natural Foods, Inc. will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In other United Natural Foods 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 value of $49,656.25. Following the transaction, the chief accounting officer now directly owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.