nVerses Capital LLC Boosts Holdings in United Natural Foods, Inc. (NYSE:UNFI)

nVerses Capital LLC grew its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 85.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,900 shares of the company’s stock after buying an additional 1,800 shares during the quarter. nVerses Capital LLC’s holdings in United Natural Foods were worth $66,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of United Natural Foods by 12.2% in the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after buying an additional 716 shares in the last quarter. Creative Planning boosted its position in shares of United Natural Foods by 7.6% during the 3rd quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares in the last quarter. Keynote Financial Services LLC grew its stake in shares of United Natural Foods by 6.6% during the 2nd quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock worth $229,000 after purchasing an additional 1,091 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of United Natural Foods by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of United Natural Foods by 1.4% in the second quarter. Diversified Trust Co now owns 94,859 shares of the company’s stock valued at $1,243,000 after purchasing an additional 1,322 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insiders Place Their Bets

In other news, insider Danielle Benedict sold 15,152 shares of United Natural Foods stock in a transaction on Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the completion of the sale, the insider now owns 100,423 shares of the company’s stock, valued at $1,986,366.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. BMO Capital Markets raised their price target on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 2nd. Finally, UBS Group boosted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.40.

United Natural Foods Stock Down 5.1 %

UNFI opened at $20.44 on Tuesday. The firm has a market cap of $1.22 billion, a P/E ratio of -10.81 and a beta of 0.63. The business’s fifty day simple moving average is $16.47 and its 200 day simple moving average is $13.60. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $23.15. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned ($0.25) EPS. As a group, equities research analysts anticipate that United Natural Foods, Inc. will post 0.64 EPS 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.