SG Americas Securities LLC Buys Shares of 32,566 United Natural Foods, Inc. (NYSE:UNFI)

SG Americas Securities LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,566 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of United Natural Foods in the 2nd quarter worth approximately $28,000. Public Employees Retirement System of Ohio purchased a new stake in United Natural Foods during the first quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC increased its holdings in United Natural Foods by 317.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock valued at $42,000 after buying an additional 2,763 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in United Natural Foods in the first quarter worth approximately $42,000. Finally, CWM LLC boosted its stake in shares of United Natural Foods by 661.8% during the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after acquiring an additional 2,879 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 value of $299,706.56. Following the completion of the sale, the insider now directly owns 100,423 shares in the company, valued at $1,986,366.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UNFI shares. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. UBS Group upped their price target on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lifted their price objective 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, The Goldman Sachs Group boosted their price objective on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.40.

United Natural Foods Price Performance

NYSE:UNFI opened at $20.82 on Wednesday. The business’s 50-day simple moving average is $15.95 and its two-hundred day simple moving average is $13.37. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $23.15. The stock has a market cap of $1.24 billion, a PE ratio of -11.02 and a beta of 0.63. 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 announced its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) earnings per share. As a group, analysts forecast that United Natural Foods, Inc. will post 0.64 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.