Graham Capital Management L.P. Invests $1.08 Million in United Natural Foods, Inc. (NYSE:UNFI)

Graham Capital Management L.P. purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,618 shares of the company’s stock, valued at approximately $1,082,000. Graham Capital Management L.P. owned about 0.07% of United Natural Foods as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC raised its stake in shares of United Natural Foods by 3.5% in the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company’s stock valued at $424,000 after purchasing an additional 521 shares during the period. Covestor Ltd grew its holdings in shares of United Natural Foods by 36.4% in the 4th quarter. Covestor Ltd now owns 3,066 shares of the company’s stock valued at $84,000 after acquiring an additional 819 shares in the last quarter. Yousif Capital Management LLC grew its holdings in United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company’s stock worth $873,000 after purchasing an additional 834 shares during the period. Hazlett Burt & Watson Inc. bought a new position in United Natural Foods during the fourth quarter worth about $27,000. Finally, Harvest Fund Management Co. Ltd bought a new position in United Natural Foods during the fourth quarter worth about $37,000. 87.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UNFI shares. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, March 12th. StockNews.com upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

United Natural Foods Stock Up 0.9%

Shares of UNFI opened at $28.49 on Wednesday. United Natural Foods, Inc. has a one year low of $10.16 and a one year high of $34.76. The company has a market cap of $1.72 billion, a P/E ratio of -18.15 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $26.05 and a two-hundred day simple moving average of $26.69.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. 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 $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.