Voloridge Investment Management LLC Purchases New Stake in United Natural Foods, Inc. (NYSE:UNFI)

Voloridge Investment Management LLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,244 shares of the company's stock, valued at approximately $471,000.

Several other hedge funds have also modified their holdings of the business. Covestor Ltd increased its holdings in United Natural Foods by 36.4% during the 4th quarter. Covestor Ltd now owns 3,066 shares of the company's stock valued at $84,000 after acquiring an additional 819 shares in the last quarter. Yousif Capital Management LLC grew its holdings in United Natural Foods by 2.7% in the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock valued at $873,000 after purchasing an additional 834 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in United Natural Foods during the fourth quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in United Natural Foods by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company's stock valued at $913,000 after acquiring an additional 1,245 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $37,000. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Down 8.5%

NYSE:UNFI traded down $2.69 on Tuesday, reaching $28.86. The stock had a trading volume of 1,375,886 shares, compared to its average volume of 702,293. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 12-month low of $11.88 and a 12-month high of $34.76. The company has a 50-day moving average of $27.12 and a 200 day moving average of $27.65. The stock has a market cap of $1.75 billion, a P/E ratio of -18.38 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates 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 was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNFI. The Goldman Sachs Group increased their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently 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.