Graham Capital Management L.P. Takes $1.08 Million Position in United Natural Foods, Inc. (NYSE:UNFI)

Graham Capital Management L.P. bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,618 shares of the company's stock, valued at approximately $1,082,000. Graham Capital Management L.P. owned approximately 0.07% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of United Natural Foods in the fourth quarter valued at $324,000. Amundi lifted its position in shares of United Natural Foods by 368.8% in the fourth quarter. Amundi now owns 62,830 shares of the company's stock valued at $1,813,000 after acquiring an additional 49,427 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock valued at $2,993,000 after acquiring an additional 96,341 shares in the last quarter. Brighton Jones LLC purchased a new position in United Natural Foods during the fourth quarter worth about $656,000. Finally, Adero Partners LLC purchased a new position in United Natural Foods during the fourth quarter worth about $243,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Up 1.8%

Shares of UNFI stock traded up $0.55 during trading hours on Friday, reaching $31.12. The company had a trading volume of 1,091,135 shares, compared to its average volume of 704,325. 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 $10.91 and a twelve month high of $34.76. The company has a market capitalization of $1.88 billion, a P/E ratio of -19.82 and a beta of 1.08. The stock's fifty day simple moving average is $26.31 and its 200 day simple moving average is $26.84.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share 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 during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the firm earned $0.07 EPS. United Natural Foods's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts 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 target price on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group increased their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods presently has an average 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.