GAMMA Investing LLC Buys 54,150 Shares of United Natural Foods, Inc. (NYSE:UNFI)

GAMMA Investing LLC lifted its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 2,671.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,177 shares of the company’s stock after purchasing an additional 54,150 shares during the period. GAMMA Investing LLC owned about 0.09% of United Natural Foods worth $1,539,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its position in shares of United Natural Foods by 207.0% during the 4th quarter. Marshall Wace LLP now owns 1,357,212 shares of the company’s stock valued at $37,065,000 after acquiring an additional 915,177 shares during the period. Senvest Management LLC bought a new stake in shares of United Natural Foods during the 4th quarter valued at $18,161,000. American Century Companies Inc. grew its position in shares of United Natural Foods by 28.1% during the 4th quarter. American Century Companies Inc. now owns 2,018,248 shares of the company’s stock valued at $55,118,000 after acquiring an additional 442,574 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of United Natural Foods by 162.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 587,697 shares of the company’s stock valued at $16,050,000 after acquiring an additional 363,962 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in United Natural Foods by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company’s stock worth $96,450,000 after buying an additional 314,587 shares during the period. Institutional investors own 87.63% of the company’s stock.

Analyst Upgrades and Downgrades

UNFI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on United Natural Foods from $33.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. BMO Capital Markets dropped their price objective on shares of United Natural Foods from $32.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Finally, UBS Group dropped their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, United Natural Foods presently has an average rating of “Hold” and an average price target of $26.43.

United Natural Foods Stock Down 1.2%

Shares of NYSE UNFI opened at $21.30 on Friday. The company’s 50-day simple moving average is $26.90 and its 200-day simple moving average is $27.71. United Natural Foods, Inc. has a 52-week low of $11.88 and a 52-week high of $34.76. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -13.57 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.78 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.