Balyasny Asset Management L.P. Has $890,000 Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Balyasny Asset Management L.P. reduced its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 56.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,591 shares of the company's stock after selling 43,111 shares during the quarter. Balyasny Asset Management L.P. owned about 0.05% of United Natural Foods worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of UNFI. Hazlett Burt & Watson Inc. bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $47,000. Sterling Capital Management LLC increased its stake in shares of United Natural Foods by 796.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after acquiring an additional 1,672 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of United Natural Foods by 186.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after acquiring an additional 1,557 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

United Natural Foods Stock Up 1.8%

NYSE UNFI traded up $0.55 during trading hours on Friday, reaching $31.12. 1,091,135 shares of the company's stock were exchanged, compared to its average volume of 704,478. The company's 50-day moving average is $26.31 and its two-hundred day moving average is $26.89. United Natural Foods, Inc. has a one year low of $10.97 and a one 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 company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -19.82 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. During the same period in the prior year, the business earned $0.07 EPS. United Natural Foods's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group increased their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, United Natural Foods presently has a consensus rating of "Hold" and an average price target of $27.50.

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.