PharVision Advisers LLC Takes Position in United Natural Foods, Inc. (NYSE:UNFI)

PharVision Advisers LLC acquired a new position in United Natural Foods, Inc. (NYSE:UNFI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,563 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. bought a new stake in shares of United Natural Foods during the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new stake in United Natural Foods during the fourth quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in United Natural Foods during the fourth quarter valued at approximately $47,000. Sterling Capital Management LLC raised its position in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after acquiring an additional 1,672 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock worth $65,000 after acquiring an additional 1,557 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Price Performance

NYSE:UNFI opened at $29.56 on Thursday. The business’s 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $27.04. United Natural Foods, Inc. has a 52 week low of $11.46 and a 52 week high of $34.76. The stock has a market cap of $1.79 billion, a PE ratio of -18.83 and a beta of 1.08. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNFI. The Goldman Sachs Group upped 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. StockNews.com upgraded 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 objective on the stock in a research report on Wednesday, March 12th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.

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.