Lisanti Capital Growth LLC Purchases New Stake in United Natural Foods, Inc. (NYSE:UNFI)

Lisanti Capital Growth LLC bought a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 93,825 shares of the company's stock, valued at approximately $2,570,000. Lisanti Capital Growth LLC owned 0.16% of United Natural Foods as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. purchased a new stake in shares of United Natural Foods in the fourth quarter worth $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of United Natural Foods in the 4th quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in shares of United Natural Foods during the 4th quarter valued at about $47,000. Sterling Capital Management LLC boosted 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 valued at $51,000 after acquiring an additional 1,672 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock worth $65,000 after purchasing an additional 1,557 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.

United Natural Foods Trading Up 0.8%

Shares of United Natural Foods stock traded up $0.18 during trading on Wednesday, reaching $23.06. The company's stock had a trading volume of 995,886 shares, compared to its average volume of 763,798. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -20.05 and a beta of 0.82. The firm's 50-day moving average is $26.30 and its two-hundred day moving average is $27.38. United Natural Foods, Inc. has a 52-week low of $11.88 and a 52-week high of $34.76. The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 1.21.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion during the quarter, compared to analyst estimates 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 company's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. On average, sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets dropped their target price on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on shares of United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. UBS Group reduced their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Northcoast Research downgraded United Natural Foods from a "buy" rating to a "neutral" rating in a research report on Thursday, June 12th. Finally, Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods currently has a consensus rating of "Hold" and a consensus price target of $26.43.

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.