Gabelli Funds LLC Purchases Shares of 70,000 United Natural Foods, Inc. (NYSE:UNFI)

Gabelli Funds LLC acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $917,000. Gabelli Funds LLC owned approximately 0.12% of United Natural Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNFI. nVerses Capital LLC bought a new position in United Natural Foods in the 2nd quarter valued at $28,000. Quest Partners LLC bought a new position in United Natural Foods in the fourth quarter valued at about $35,000. Public Employees Retirement System of Ohio acquired a new stake in United Natural Foods in the first quarter worth about $38,000. Allspring Global Investments Holdings LLC raised its holdings in United Natural Foods by 317.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after purchasing an additional 2,763 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in United Natural Foods during the 1st quarter valued at about $42,000. 87.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Roth Mkm lifted their price target on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. UBS Group upped their target price on shares of United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Finally, StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.60.

United Natural Foods Trading Up 1.4 %

UNFI opened at $16.73 on Friday. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $17.33. The firm has a market cap of $994.93 million, a PE ratio of -6.94 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. The firm’s fifty day moving average is $14.63 and its two-hundred day moving average is $12.64.

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.