Private Advisory Group LLC bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,080 shares of the company’s stock, valued at approximately $1,046,000. Private Advisory Group LLC owned approximately 0.05% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Quarry LP bought a new position in shares of United Natural Foods in the third quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of United Natural Foods by 4,266.7% during the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock valued at $30,000 after acquiring an additional 768 shares during the period. EverSource Wealth Advisors LLC increased its holdings in United Natural Foods by 84.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after acquiring an additional 609 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in United Natural Foods by 32.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,563 shares of the company’s stock worth $59,000 after acquiring an additional 379 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in United Natural Foods by 21.7% during the 2nd quarter. Lazard Asset Management LLC now owns 5,277 shares of the company’s stock worth $123,000 after acquiring an additional 942 shares during the period. Institutional investors own 87.63% of the company’s stock.
United Natural Foods Price Performance
UNFI stock opened at $45.97 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.52 and a current ratio of 1.33. The company’s fifty day moving average price is $39.00 and its 200-day moving average price is $36.84. United Natural Foods, Inc. has a one year low of $20.78 and a one year high of $47.58. The company has a market capitalization of $2.79 billion, a PE ratio of -35.36 and a beta of 1.00.
Insider Buying and Selling at United Natural Foods
In other news, Director James C. Pappas bought 15,000 shares of United Natural Foods stock in a transaction dated Friday, January 2nd. The shares were purchased at an average cost of $33.76 per share, with a total value of $506,400.00. Following the completion of the acquisition, the director owned 192,178 shares of the company’s stock, valued at $6,487,929.28. This trade represents a 8.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price target on shares of United Natural Foods from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Roth Mkm restated a “neutral” rating and set a $35.00 price objective on shares of United Natural Foods in a research report on Thursday, December 11th. Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $56.00 in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of United Natural Foods in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on United Natural Foods from $40.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.63.
Check Out Our Latest Stock Analysis on UNFI
About United Natural Foods
United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.
UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.
Further Reading
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