Los Angeles Capital Management LLC Takes $364,000 Position in United Natural Foods, Inc. $UNFI

Los Angeles Capital Management LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,630 shares of the company’s stock, valued at approximately $364,000.

Several other hedge funds also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. lifted its stake in United Natural Foods by 50.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 189,000 shares of the company’s stock worth $4,406,000 after purchasing an additional 63,000 shares in the last quarter. Versor Investments LP bought a new position in shares of United Natural Foods in the second quarter worth $1,592,000. Y Intercept Hong Kong Ltd increased its holdings in shares of United Natural Foods by 836.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 130,677 shares of the company’s stock worth $3,046,000 after purchasing an additional 116,728 shares during the period. Envestnet Asset Management Inc. bought a new stake in United Natural Foods during the second quarter valued at $256,000. Finally, AlphaQuest LLC grew its position in United Natural Foods by 90.6% during the second quarter. AlphaQuest LLC now owns 20,193 shares of the company’s stock worth $471,000 after buying an additional 9,596 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Trading Down 0.0%

Shares of UNFI opened at $38.62 on Friday. United Natural Foods, Inc. has a fifty-two week low of $20.78 and a fifty-two week high of $43.29. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -19.80 and a beta of 0.88. The firm has a 50 day moving average price of $36.57 and a 200-day moving average price of $29.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.51 and a current ratio of 1.32.

United Natural Foods (NYSE:UNFI) last released its earnings results on Wednesday, October 1st. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a negative net margin of 0.37% and a positive return on equity of 2.74%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Insider Activity at United Natural Foods

In other news, insider Danielle Benedict sold 11,655 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total value of $411,538.05. Following the completion of the sale, the insider owned 89,544 shares of the company’s stock, valued at approximately $3,161,798.64. The trade was a 11.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group raised their price target on United Natural Foods from $29.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. BMO Capital Markets upped their price objective on shares of United Natural Foods from $36.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Jefferies Financial Group lifted their target price on shares of United Natural Foods from $27.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Wells Fargo & Company boosted their price target on shares of United Natural Foods from $26.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.00.

United Natural Foods Company 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.