Voloridge Investment Management LLC Makes New $471,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

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

Several other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in United Natural Foods in the fourth quarter worth $324,000. Amundi raised its stake in shares of United Natural Foods by 368.8% in the fourth quarter. Amundi now owns 62,830 shares of the company's stock worth $1,813,000 after purchasing an additional 49,427 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of United Natural Foods in the fourth quarter worth $656,000. Adero Partners LLC purchased a new position in shares of United Natural Foods in the fourth quarter worth $243,000. Finally, Bailard Inc. purchased a new position in shares of United Natural Foods in the fourth quarter worth $331,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Stock Performance

United Natural Foods stock traded down $0.35 during mid-day trading on Friday, reaching $30.55. 918,714 shares of the stock traded hands, compared to its average volume of 698,522. The stock has a market capitalization of $1.85 billion, a PE ratio of -19.46 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. United Natural Foods, Inc. has a 12-month low of $11.88 and a 12-month high of $34.76. The business's 50-day moving average is $27.00 and its 200-day moving average is $27.53.

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

Wall Street Analyst Weigh In

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

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.