Bayesian Capital Management LP Invests $347,000 in United Natural Foods, Inc. (NYSE:UNFI)

Bayesian Capital Management LP bought a new position in United Natural Foods, Inc. (NYSE:UNFI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,700 shares of the company’s stock, valued at approximately $347,000.

A number of other hedge funds have also recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 372 shares during the period. Hazlett Burt & Watson Inc. bought a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods during the fourth quarter worth $37,000. Aquatic Capital Management LLC purchased a new stake in United Natural Foods in the 4th quarter worth $47,000. Finally, Sterling Capital Management LLC boosted its stake in United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock valued at $51,000 after buying an additional 1,672 shares during the last quarter. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Down 0.5 %

United Natural Foods stock opened at $26.58 on Thursday. United Natural Foods, Inc. has a twelve month low of $9.51 and a twelve month high of $34.76. The business has a fifty day moving average of $26.08 and a two-hundred day moving average of $26.44. The firm has a market cap of $1.61 billion, a P/E ratio of -16.93 and a beta of 1.08. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) 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. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. On average, analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UNFI shares. Wells Fargo & Company upped their price objective 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. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. StockNews.com raised shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group increased 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, United Natural Foods presently has an average rating of “Hold” and an average price target of $27.50.

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.