Jackson Creek Investment Advisors LLC Makes New $1.53 Million Investment in United Natural Foods, Inc. (NYSE:UNFI)

Jackson Creek Investment Advisors LLC acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,081 shares of the company’s stock, valued at approximately $1,532,000.

A number of other hedge funds have also modified their holdings of UNFI. Versant Capital Management Inc raised its position in United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC increased its stake in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after purchasing an additional 639 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock valued at $65,000 after buying an additional 1,557 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of United Natural Foods by 200.2% during the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock worth $87,000 after buying an additional 2,128 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of United Natural Foods during the third quarter worth about $157,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Trading Down 2.1 %

NYSE:UNFI opened at $27.41 on Friday. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The stock has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $23.60. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -17.46 and a beta of 0.62.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 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 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) EPS. As a group, sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UNFI has been the subject of several analyst reports. BMO Capital Markets upped their price objective on United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Roth Mkm upped their price target on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $26.40.

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.