Gotham Asset Management LLC Takes Position in United Natural Foods, Inc. (NYSE:UNFI)

Gotham Asset Management LLC bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,812 shares of the company's stock, valued at approximately $1,251,000. Gotham Asset Management LLC owned about 0.08% of United Natural Foods as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UNFI. Ballentine Partners LLC raised its holdings in United Natural Foods by 3.5% during the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after buying an additional 521 shares during the period. Covestor Ltd raised its holdings in shares of United Natural Foods by 36.4% during the fourth quarter. Covestor Ltd now owns 3,066 shares of the company's stock valued at $84,000 after acquiring an additional 819 shares during the period. Yousif Capital Management LLC lifted its position in shares of United Natural Foods by 2.7% in the 4th quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock valued at $873,000 after acquiring an additional 834 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of United Natural Foods in the 4th quarter valued at approximately $27,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in United Natural Foods in the 4th quarter worth approximately $37,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNFI has been the topic of several recent analyst reports. 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 research note on Thursday, February 13th. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a research note 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 for the company in a research report on Wednesday, March 12th. One equities research 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 MarketBeat.com, United Natural Foods currently has a consensus rating of "Hold" and an average target price of $27.50.

United Natural Foods Stock Down 1.8%

Shares of NYSE UNFI traded down $0.54 during mid-day trading on Thursday, reaching $29.08. The company had a trading volume of 99,760 shares, compared to its average volume of 683,443. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a twelve month low of $11.46 and a twelve month high of $34.76. The stock's 50 day moving average is $26.51 and its 200-day moving average is $27.04. The stock has a market capitalization of $1.76 billion, a PE ratio of -18.53 and a beta of 1.08.

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

United Natural Foods 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.