United Natural Foods, Inc. $UNFI Position Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,069 shares of the company’s stock after buying an additional 2,868 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of United Natural Foods worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNFI. Brighton Jones LLC bought a new position in United Natural Foods in the 4th quarter worth approximately $656,000. GAMMA Investing LLC grew its holdings in United Natural Foods by 2,671.4% in the 1st quarter. GAMMA Investing LLC now owns 56,177 shares of the company’s stock worth $1,539,000 after buying an additional 54,150 shares in the last quarter. Range Financial Group LLC bought a new position in United Natural Foods in the 1st quarter worth approximately $1,253,000. Flagship Harbor Advisors LLC bought a new position in United Natural Foods in the 1st quarter worth approximately $201,000. Finally, Diversified Trust Co grew its holdings in United Natural Foods by 4.2% in the 1st quarter. Diversified Trust Co now owns 53,209 shares of the company’s stock worth $1,457,000 after buying an additional 2,124 shares in the last quarter. 87.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of United Natural Foods in a research note on Saturday, September 27th. Wells Fargo & Company increased their price target on United Natural Foods from $26.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Roth Capital increased their price target on United Natural Foods from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Finally, UBS Group increased their price target on United Natural Foods from $29.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Natural Foods currently has an average rating of “Hold” and an average price target of $36.00.

Insider Activity

In other news, insider Danielle Benedict sold 11,655 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total value of $411,538.05. Following the completion of the sale, the insider owned 89,544 shares in the company, valued at $3,161,798.64. This represents a 11.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by insiders.

United Natural Foods Price Performance

UNFI opened at $41.35 on Tuesday. The stock has a fifty day moving average of $29.30 and a 200-day moving average of $27.08. The firm has a market capitalization of $2.51 billion, a P/E ratio of -21.21 and a beta of 0.88. United Natural Foods, Inc. has a 12-month low of $18.81 and a 12-month high of $41.90. The company has a quick ratio of 0.51, a current ratio of 1.32 and a debt-to-equity ratio of 1.20.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, September 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.07. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a positive return on equity of 2.74% and a negative net margin of 0.37%.The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. Equities analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

United Natural Foods Company 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.