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

GAMMA Investing LLC raised its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 2,671.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,177 shares of the company's stock after buying an additional 54,150 shares during the quarter. GAMMA Investing LLC owned about 0.09% of United Natural Foods worth $1,539,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UNFI. Brighton Jones LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth about $656,000. Yousif Capital Management LLC grew its position 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. Van ECK Associates Corp grew its position in shares of United Natural Foods by 84.5% during the 4th quarter. Van ECK Associates Corp now owns 8,039 shares of the company's stock worth $220,000 after buying an additional 3,682 shares during the period. New York State Teachers Retirement System grew its position in shares of United Natural Foods by 7.2% during the 4th quarter. New York State Teachers Retirement System now owns 84,367 shares of the company's stock worth $2,304,000 after buying an additional 5,651 shares during the period. Finally, Blue Trust Inc. grew its position in shares of United Natural Foods by 200.2% during the 4th quarter. Blue Trust Inc. now owns 3,191 shares of the company's stock worth $87,000 after buying an additional 2,128 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on UNFI. UBS Group cut their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on United Natural Foods from $33.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, BMO Capital Markets cut their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and an average price target of $26.43.

United Natural Foods Stock Down 1.2%

NYSE:UNFI traded down $0.27 during trading hours on Friday, reaching $21.30. 1,769,818 shares of the stock were exchanged, compared to its average volume of 728,809. United Natural Foods, Inc. has a twelve month low of $11.88 and a twelve month high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a 50 day moving average of $26.90 and a 200 day moving average of $27.71. The stock has a market cap of $1.29 billion, a PE ratio of -13.57 and a beta of 0.90.

United Natural Foods (NYSE:UNFI - Get Free Report) last released 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. 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 $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.