Wells Fargo & Company MN Buys 16,206 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Wells Fargo & Company MN lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 50.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,374 shares of the company's stock after purchasing an additional 16,206 shares during the period. Wells Fargo & Company MN owned 0.08% of United Natural Foods worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNFI. Versant Capital Management Inc increased its position in United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after purchasing an additional 372 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in United Natural Foods in the fourth quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd bought a new position in United Natural Foods in the fourth quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in United Natural Foods by 46.0% during the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after acquiring an additional 639 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of United Natural Foods by 186.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after acquiring an additional 1,557 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UNFI shares. The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. CL King raised 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. Wells Fargo & Company lifted their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, January 10th. Finally, StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Up 0.8 %

NYSE UNFI traded up $0.22 on Thursday, reaching $26.93. The company had a trading volume of 539,874 shares, compared to its average volume of 700,289. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -17.16 and a beta of 1.08. The company's fifty day moving average is $26.60 and its 200-day moving average is $26.25. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a 1-year low of $8.90 and a 1-year high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted 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 company had revenue of $8.16 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal 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.