Bayesian Capital Management LP Makes New $347,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Bayesian Capital Management LP bought a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,700 shares of the company's stock, valued at approximately $347,000.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 372 shares during the period. Ballentine Partners LLC lifted its holdings 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 buying an additional 521 shares during the period. GAMMA Investing LLC raised its holdings in United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares during the period. Covestor Ltd raised its holdings in United Natural Foods by 36.4% in the 4th quarter. Covestor Ltd now owns 3,066 shares of the company's stock worth $84,000 after purchasing an additional 819 shares during the period. Finally, Yousif Capital Management LLC raised its stake in shares of United Natural Foods by 2.7% during the 4th quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock worth $873,000 after buying an additional 834 shares during the period. Hedge funds and other institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of United Natural Foods stock traded up $0.57 during midday trading on Tuesday, hitting $28.81. The company had a trading volume of 114,259 shares, compared to its average volume of 696,925. The stock has a market cap of $1.74 billion, a PE ratio of -18.35 and a beta of 1.08. United Natural Foods, Inc. has a 1-year low of $10.00 and a 1-year high of $34.76. The business's 50 day simple moving average is $26.03 and its two-hundred day simple moving average is $26.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. As a group, equities analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

UNFI has been the subject of several research reports. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group raised 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. Finally, StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.