CenterBook Partners LP Invests $788,000 in United Natural Foods, Inc. (NYSE:UNFI)

CenterBook Partners LP bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,846 shares of the company's stock, valued at approximately $788,000.

Several other institutional investors have also added to or reduced their stakes in UNFI. 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. Hazlett Burt & Watson Inc. purchased a new position in shares of United Natural Foods during the 4th quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd purchased a new stake in United Natural Foods during the fourth quarter worth $37,000. GAMMA Investing LLC grew its position in United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after buying an additional 639 shares during the period. 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 purchasing an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UNFI. StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company increased their target price on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group increased their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and a consensus target price of $27.50.

United Natural Foods Stock Performance

NYSE:UNFI traded up $0.28 during trading hours on Thursday, reaching $24.51. 114,481 shares of the company's stock were exchanged, compared to its average volume of 706,108. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -15.63 and a beta of 1.08. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $34.76. The company has a 50-day moving average of $27.97 and a 200 day moving average of $25.85.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly 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 firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the company posted $0.07 earnings per share. The business's revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current 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.