16,901 Shares in United Natural Foods, Inc. (NYSE:UNFI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,901 shares of the company's stock, valued at approximately $462,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its position in United Natural Foods by 7.9% during the 4th quarter. Bank of Montreal Can now owns 30,685 shares of the company's stock worth $838,000 after acquiring an additional 2,246 shares during the period. Wells Fargo & Company MN grew its holdings in United Natural Foods by 50.4% during the 4th quarter. Wells Fargo & Company MN now owns 48,374 shares of the company's stock valued at $1,321,000 after buying an additional 16,206 shares during the last quarter. Headlands Technologies LLC increased its position in United Natural Foods by 19.3% during the 4th quarter. Headlands Technologies LLC now owns 22,360 shares of the company's stock worth $611,000 after purchasing an additional 3,620 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of United Natural Foods by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 48,995 shares of the company's stock valued at $1,338,000 after buying an additional 2,182 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of United Natural Foods during the fourth quarter worth $27,000. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UNFI shares. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Performance

UNFI stock traded up $0.64 during trading on Monday, reaching $28.25. 482,204 shares of the stock were exchanged, compared to its average volume of 699,213. The stock has a 50 day simple moving average of $26.03 and a 200-day simple moving average of $26.68. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a twelve month low of $10.00 and a twelve month high of $34.76. The company has a market capitalization of $1.71 billion, a P/E ratio of -17.99 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

About United Natural Foods

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.