Range Financial Group LLC Invests $1.25 Million in United Natural Foods, Inc. (NYSE:UNFI)

Range Financial Group LLC purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,763 shares of the company's stock, valued at approximately $1,253,000. Range Financial Group LLC owned 0.08% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Hazlett Burt & Watson Inc. acquired a new position in United Natural Foods in the fourth quarter valued at $27,000. Harvest Fund Management Co. Ltd acquired a new position in United Natural Foods in the fourth quarter valued at $37,000. Aquatic Capital Management LLC acquired a new position in United Natural Foods in the fourth quarter valued at $47,000. Sterling Capital Management LLC lifted its holdings in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after buying an additional 1,672 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after buying an additional 1,557 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Up 1.7%

UNFI opened at $27.85 on Monday. United Natural Foods, Inc. has a 12 month low of $11.88 and a 12 month high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.69 billion, a PE ratio of -17.74 and a beta of 0.90. The company has a 50 day moving average of $27.15 and a 200 day moving average of $27.79.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UNFI shares. The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Wall Street Zen upgraded shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, United Natural Foods presently has an average rating of "Hold" and a consensus price target of $27.50.

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.

Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods, Inc. (NYSE:UNFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.