United Natural Foods, Inc. (NYSE:UNFI) Shares Bought by Creative Planning

Creative Planning grew its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,506 shares of the company’s stock after purchasing an additional 953 shares during the period. Creative Planning’s holdings in United Natural Foods were worth $227,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of United Natural Foods during the third quarter worth $548,000. Susquehanna Fundamental Investments LLC increased its holdings in United Natural Foods by 12.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 162,402 shares of the company’s stock worth $2,127,000 after purchasing an additional 18,400 shares during the period. Dark Forest Capital Management LP acquired a new stake in United Natural Foods in the 2nd quarter valued at about $233,000. Aristeia Capital L.L.C. purchased a new position in shares of United Natural Foods in the 2nd quarter valued at about $661,000. Finally, Bank of Montreal Can grew its position in shares of United Natural Foods by 393.9% during the second quarter. Bank of Montreal Can now owns 86,658 shares of the company’s stock worth $1,147,000 after buying an additional 69,111 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Up 0.6 %

UNFI stock opened at $21.44 on Monday. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $23.15. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -11.34 and a beta of 0.62. The company has a fifty day moving average price of $18.59 and a 200 day moving average price of $14.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the business posted ($0.25) EPS. The company’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that United Natural Foods, Inc. will post 0.64 earnings per share for the current year.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $19.78, for a total transaction of $299,706.56. Following the transaction, the insider now owns 100,423 shares in the company, valued at approximately $1,986,366.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UNFI shares. UBS Group raised their target price 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. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target 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. Finally, BMO Capital Markets raised their price objective on United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.40.

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.