2,810 Shares in United Natural Foods, Inc. $UNFI Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,810 shares of the company’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake in United Natural Foods by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 36,069 shares of the company’s stock worth $840,000 after acquiring an additional 2,868 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in United Natural Foods in the second quarter worth $667,000. Farther Finance Advisors LLC lifted its stake in United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock worth $25,000 after acquiring an additional 505 shares during the period. Diversified Trust Co lifted its stake in United Natural Foods by 15.3% in the second quarter. Diversified Trust Co now owns 61,375 shares of the company’s stock worth $1,431,000 after acquiring an additional 8,166 shares during the period. Finally, NBC Securities Inc. lifted its position in United Natural Foods by 6.1% during the second quarter. NBC Securities Inc. now owns 35,297 shares of the company’s stock valued at $822,000 after buying an additional 2,025 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UNFI. Jefferies Financial Group raised their price objective on United Natural Foods from $27.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. 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 research report on Tuesday, July 22nd. BMO Capital Markets raised their price objective on United Natural Foods from $36.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of United Natural Foods in a research report on Saturday, September 27th. Finally, Roth Capital raised their price objective on United Natural Foods from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.00.

Insider Buying and Selling

In related news, insider Danielle Benedict sold 11,655 shares of United Natural Foods stock in a transaction dated 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 directly owned 89,544 shares in the company, valued at approximately $3,161,798.64. This trade represents a 11.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

United Natural Foods Price Performance

NYSE UNFI opened at $41.14 on Friday. United Natural Foods, Inc. has a one year low of $19.62 and a one year high of $42.96. The stock has a 50-day moving average of $30.46 and a 200 day moving average of $27.49. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -21.10 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.51 and a current ratio of 1.32.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, September 30th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.07. United Natural Foods had a positive return on equity of 2.74% and a negative net margin of 0.37%.The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same period last year, the company earned $0.01 EPS. United Natural Foods’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current 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.