Susquehanna Fundamental Investments LLC Acquires New Position in United Natural Foods, Inc. (NYSE:UNFI)

Susquehanna Fundamental Investments LLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 208,781 shares of the company's stock, valued at approximately $5,702,000. Susquehanna Fundamental Investments LLC owned about 0.35% of United Natural Foods at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Marshall Wace LLP increased its position in United Natural Foods by 207.0% during the fourth quarter. Marshall Wace LLP now owns 1,357,212 shares of the company's stock worth $37,065,000 after buying an additional 915,177 shares in the last quarter. Senvest Management LLC purchased a new stake in United Natural Foods during the 4th quarter worth about $18,161,000. American Century Companies Inc. raised its stake in United Natural Foods by 28.1% in the 4th quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock valued at $55,118,000 after purchasing an additional 442,574 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in United Natural Foods by 162.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 587,697 shares of the company's stock valued at $16,050,000 after purchasing an additional 363,962 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of United Natural Foods by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock worth $96,450,000 after purchasing an additional 314,587 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UNFI. CL King raised shares of 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. Wells Fargo & Company upped their price target on United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, January 10th. The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research 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 stock. According to data from MarketBeat.com, United Natural Foods has an average rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Down 0.6 %

Shares of UNFI traded down $0.17 during mid-day trading on Friday, reaching $26.77. 406,243 shares of the stock traded hands, compared to its average volume of 699,047. The stock has a fifty day simple moving average of $26.51 and a 200 day simple moving average of $26.30. United Natural Foods, Inc. has a 12-month low of $9.07 and a 12-month high of $34.76. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -17.05 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same period last year, the firm earned $0.07 earnings per share. The company's revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.