Baader Bank Aktiengesellschaft Takes $403,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Baader Bank Aktiengesellschaft bought a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 14,751 shares of the company’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its position in United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of United Natural Foods during the third quarter worth about $595,000. JPMorgan Chase & Co. increased its position in United Natural Foods by 118.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock valued at $2,993,000 after acquiring an additional 96,341 shares during the period. Brighton Jones LLC purchased a new stake in United Natural Foods during the 4th quarter valued at approximately $656,000. Finally, SG Americas Securities LLC lifted its position in United Natural Foods by 66.8% during the 4th quarter. SG Americas Securities LLC now owns 54,316 shares of the company’s stock worth $1,483,000 after acquiring an additional 21,750 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UNFI. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. BMO Capital Markets raised 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 note on Wednesday, December 11th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.20.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $30.48 on Friday. The company has a 50-day moving average of $27.18 and a two-hundred day moving average of $20.64. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $32.20. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 earnings per share (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 analysts’ expectations of $7.61 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. United Natural Foods’s revenue was up 4.6% on a year-over-year basis. Analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

United Natural Foods 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.