NBC Securities Inc. Raises Stake in United Natural Foods, Inc. (NYSE:UNFI)

NBC Securities Inc. lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 114,631.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,272 shares of the company's stock after buying an additional 33,243 shares during the period. NBC Securities Inc. owned approximately 0.05% of United Natural Foods worth $911,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UNFI. GAMMA Investing LLC raised its position in shares of United Natural Foods by 2,671.4% during the 1st quarter. GAMMA Investing LLC now owns 56,177 shares of the company's stock worth $1,539,000 after purchasing an additional 54,150 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of United Natural Foods by 198.8% in the 4th quarter. Mackenzie Financial Corp now owns 31,914 shares of the company's stock valued at $872,000 after purchasing an additional 21,234 shares in the last quarter. PharVision Advisers LLC bought a new stake in United Natural Foods in the fourth quarter valued at about $288,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in United Natural Foods by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company's stock worth $5,152,000 after acquiring an additional 29,357 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in United Natural Foods in the fourth quarter valued at $471,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UNFI shares. The Goldman Sachs Group increased their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of "Hold" and a consensus target price of $27.50.

United Natural Foods Stock Down 1.0%

Shares of United Natural Foods stock traded down $0.29 during trading hours on Thursday, reaching $27.41. 514,653 shares of the company's stock were exchanged, compared to its average volume of 702,425. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $27.14 and a two-hundred day moving average of $27.65. The stock has a market cap of $1.66 billion, a P/E ratio of -17.46 and a beta of 1.08. United Natural Foods, Inc. has a fifty-two week low of $11.88 and a fifty-two week high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (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 business's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. On average, sell-side analysts forecast that United Natural Foods, Inc. will post 0.76 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.