Edgestream Partners L.P. Purchases Shares of 166,886 United Natural Foods, Inc. (NYSE:UNFI)

Edgestream Partners L.P. bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 166,886 shares of the company's stock, valued at approximately $4,571,000. Edgestream Partners L.P. owned approximately 0.28% of United Natural Foods as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new position in shares of United Natural Foods during the 4th quarter worth about $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods during the 4th quarter worth about $37,000. Aquatic Capital Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth about $47,000. Sterling Capital Management LLC raised its position in shares of United Natural Foods by 796.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Quarry LP raised its position in shares of United Natural Foods by 135.6% during the 4th quarter. Quarry LP now owns 2,667 shares of the company's stock worth $73,000 after purchasing an additional 1,535 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Trading Down 0.9%

Shares of NYSE:UNFI traded down $0.24 during mid-day trading on Friday, reaching $27.13. 314,832 shares of the company were exchanged, compared to its average volume of 867,289. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -23.58 and a beta of 0.82. The firm's 50-day simple moving average is $25.69 and its 200 day simple moving average is $27.13. United Natural Foods, Inc. has a 1 year low of $12.00 and a 1 year high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.78 billion. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Equities research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group increased their price objective on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday. Wall Street Zen upgraded shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Northcoast Research downgraded shares of United Natural Foods from a "buy" rating to a "neutral" rating in a report on Thursday, June 12th. BMO Capital Markets cut 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, June 12th. Finally, Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $25.00 to $26.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.00.

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.