Hauser Brothers GmbH lowered its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 28.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 193,000 shares of the company’s stock after selling 76,900 shares during the quarter. United Natural Foods comprises about 4.6% of Hauser Brothers GmbH’s investment portfolio, making the stock its 4th biggest position. Hauser Brothers GmbH’s holdings in United Natural Foods were worth $6,498,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC bought a new position in United Natural Foods during the fourth quarter worth about $656,000. SG Americas Securities LLC grew its stake in shares of United Natural Foods by 12,660.4% in the 4th quarter. SG Americas Securities LLC now owns 678,979 shares of the company’s stock valued at $22,861,000 after purchasing an additional 673,658 shares during the period. Towle & Co. acquired a new position in shares of United Natural Foods in the 3rd quarter worth approximately $13,724,000. Quinn Opportunity Partners LLC raised its holdings in shares of United Natural Foods by 26.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 126,000 shares of the company’s stock worth $4,740,000 after buying an additional 26,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of United Natural Foods by 5.5% during the 3rd quarter. American Century Companies Inc. now owns 2,746,073 shares of the company’s stock worth $103,307,000 after buying an additional 142,485 shares during the period. Institutional investors own 87.63% of the company’s stock.
United Natural Foods Price Performance
UNFI opened at $50.54 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.52. The stock has a market capitalization of $3.06 billion, a P/E ratio of -76.58 and a beta of 0.81. The company’s 50 day simple moving average is $49.47 and its 200-day simple moving average is $41.41. United Natural Foods, Inc. has a one year low of $20.80 and a one year high of $57.02.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price target on shares of United Natural Foods in a research note on Wednesday. UBS Group lifted their price objective on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of United Natural Foods from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Finally, Roth Mkm reiterated a “neutral” rating and set a $43.00 target price on shares of United Natural Foods in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.38.
Read Our Latest Stock Analysis on UNFI
Insiders Place Their Bets
In other United Natural Foods news, insider Danielle Benedict sold 4,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $52.00, for a total value of $249,964.00. Following the transaction, the insider directly owned 98,470 shares of the company’s stock, valued at approximately $5,120,440. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.
United Natural Foods Profile
United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.
UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.
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