GSA Capital Partners LLP Acquires Shares of 32,143 United Natural Foods, Inc. (NYSE:UNFI)

Key Points

• GSA Capital Partners LLP has made a new investment of $880,000 in United Natural Foods, purchasing 32,143 shares, which represents about 0.05% ownership of the company.
• United Natural Foods reported a quarterly revenue of $8.06 billion, surpassing analysts' expectations, with earnings per share at $0.44, exceeding the consensus estimate by $0.22.
• Institutional investors and hedge funds own 87.63% of United Natural Foods' stock, indicating significant confidence in the company's performance among major investors.

GSA Capital Partners LLP purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,143 shares of the company's stock, valued at approximately $880,000. GSA Capital Partners LLP owned 0.05% of United Natural Foods as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $656,000. Raymond James Financial Inc. acquired a new position in United Natural Foods in the fourth quarter valued at about $462,000. Sei Investments Co. acquired a new position in United Natural Foods in the fourth quarter valued at about $2,213,000. KLP Kapitalforvaltning AS acquired a new position in United Natural Foods in the fourth quarter valued at about $341,000. Finally, LPL Financial LLC lifted its stake in United Natural Foods by 11.2% in the fourth quarter. LPL Financial LLC now owns 204,499 shares of the company's stock valued at $5,585,000 after buying an additional 20,652 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Tuesday, July 22nd. UBS Group raised their price target on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. BMO Capital Markets dropped their price target on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research report on Thursday, June 12th. Finally, Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $25.00 to $26.00 in a research report on Wednesday, July 16th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.13.

United Natural Foods Stock Up 4.3%

UNFI stock traded up $1.14 during mid-day trading on Wednesday, reaching $27.62. The company had a trading volume of 515,375 shares, compared to its average volume of 886,632. 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 stock has a 50 day simple moving average of $25.15 and a two-hundred day simple moving average of $27.07. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -24.00 and a beta of 0.82. United Natural Foods, Inc. has a 52 week low of $12.00 and a 52 week high of $34.76.

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 the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion during the quarter, compared to analysts' expectations of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. As a group, equities analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal 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.