Brighton Jones LLC Takes $219,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Brighton Jones LLC acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 13,485 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its stake in shares of United Natural Foods by 2.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 35,307 shares of the company’s stock valued at $573,000 after purchasing an additional 689 shares during the period. Headlands Technologies LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $32,000. Bfsg LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $110,000. Yousif Capital Management LLC lifted its stake in shares of United Natural Foods by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 33,088 shares of the company’s stock valued at $537,000 after purchasing an additional 1,205 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of United Natural Foods by 2,136.5% in the 4th quarter. Federated Hermes Inc. now owns 657,320 shares of the company’s stock valued at $10,668,000 after purchasing an additional 627,930 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNFI has been the topic of a number of recent analyst reports. Roth Mkm reissued a “neutral” rating and issued a $13.00 price objective (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price target on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com downgraded United Natural Foods from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.40.

Insider Transactions at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of the 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 completion of the sale, the chief accounting officer now directly owns 32,865 shares of the company’s stock, valued at $373,017.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

United Natural Foods Price Performance

UNFI stock opened at $9.56 on Friday. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $28.37. The stock’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $14.08. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.87 billion. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. Equities research analysts forecast that United Natural Foods, Inc. will post -0.01 EPS for the current fiscal year.

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.