Voleon Capital Management LP Invests $1.50 Million in United Natural Foods, Inc. (NYSE:UNFI)

Voleon Capital Management LP bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 54,861 shares of the company's stock, valued at approximately $1,498,000. Voleon Capital Management LP owned 0.09% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UNFI. JPMorgan Chase & Co. grew its stake in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after buying an additional 96,341 shares in the last quarter. Versant Capital Management Inc grew its stake in United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC grew its stake in United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares during the period. Ballentine Partners LLC increased its holdings in United Natural Foods by 3.5% in the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after purchasing an additional 521 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in United Natural Foods by 66.8% in the fourth quarter. SG Americas Securities LLC now owns 54,316 shares of the company's stock valued at $1,483,000 after buying an additional 21,750 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. CL King upgraded 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 report on Wednesday, March 12th. Finally, StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Performance

Shares of United Natural Foods stock traded up $0.12 during trading hours on Tuesday, hitting $26.44. 100,538 shares of the company's stock traded hands, compared to its average volume of 696,559. United Natural Foods, Inc. has a 12-month low of $9.44 and a 12-month high of $34.76. The company has a fifty day simple moving average of $26.28 and a 200-day simple moving average of $26.44. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -16.82 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 the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the business posted $0.07 EPS. United Natural Foods's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.