Riverhead Capital Management LLC grew its holdings in United Natural Foods Inc (NASDAQ:UNFI) by 42.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,870 shares of the company’s stock after acquiring an additional 4,100 shares during the period. Riverhead Capital Management LLC’s holdings in United Natural Foods were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of United Natural Foods by 4,283.3% in the 2nd quarter. Renaissance Technologies LLC now owns 574,212 shares of the company’s stock valued at $5,151,000 after buying an additional 561,112 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of United Natural Foods by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 951,476 shares of the company’s stock worth $8,535,000 after purchasing an additional 125,529 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Natural Foods by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 309,700 shares of the company’s stock worth $2,779,000 after purchasing an additional 11,936 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of United Natural Foods during the 2nd quarter worth about $8,584,000. Finally, Synovus Financial Corp increased its position in shares of United Natural Foods by 5.2% during the 2nd quarter. Synovus Financial Corp now owns 33,224 shares of the company’s stock worth $300,000 after purchasing an additional 1,657 shares in the last quarter. Institutional investors own 98.17% of the company’s stock.

UNFI traded up $0.06 during midday trading on Friday, hitting $12.09. The company had a trading volume of 779,693 shares, compared to its average volume of 1,249,720. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59. The company has a market capitalization of $637.19 million, a PE ratio of 3.89, a P/E/G ratio of 0.82 and a beta of 2.15. United Natural Foods Inc has a twelve month low of $6.75 and a twelve month high of $34.49. The firm’s 50-day simple moving average is $8.63 and its 200-day simple moving average is $10.96.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Buckingham Research reiterated a “neutral” rating and set a $11.00 target price (down previously from $17.00) on shares of United Natural Foods in a research report on Thursday, June 6th. They noted that the move was a valuation call. Loop Capital dropped their target price on shares of United Natural Foods to $14.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. BidaskClub upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets cut shares of United Natural Foods from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $10.00 to $5.00 in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.05.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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