GAMMA Investing LLC Buys 639 Shares of United Natural Foods, Inc. (NYSE:UNFI)

GAMMA Investing LLC raised its stake in United Natural Foods, Inc. (NYSE:UNFI) by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,027 shares of the company’s stock after acquiring an additional 639 shares during the quarter. GAMMA Investing LLC’s holdings in United Natural Foods were worth $55,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings 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 acquiring an additional 372 shares during the period. Creative Planning increased its holdings in shares of United Natural Foods by 7.6% during the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares during the period. nVerses Capital LLC increased its holdings in shares of United Natural Foods by 85.7% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after purchasing an additional 1,800 shares during the period. Ballentine Partners LLC increased its holdings in shares of United Natural Foods by 18.6% during the third quarter. Ballentine Partners LLC now owns 15,008 shares of the company’s stock worth $252,000 after purchasing an additional 2,350 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of United Natural Foods by 46.3% during the third quarter. Wolverine Asset Management LLC now owns 15,800 shares of the company’s stock worth $266,000 after purchasing an additional 5,000 shares during the period. 87.63% of the stock is owned by institutional investors.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the sale, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

United Natural Foods Stock Performance

Shares of NYSE:UNFI opened at $27.26 on Monday. The company’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $19.16. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -17.36 and a beta of 0.63. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.52. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $32.20.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data 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. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.61 billion. During the same period last year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts predict that United Natural Foods, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. 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 report on Friday. BMO Capital Markets raised their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. UBS Group raised their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Roth Mkm raised their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $25.20.

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.