United Natural Foods, Inc. (NYSE:UNFI) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP lifted its position in United Natural Foods, Inc. (NYSE:UNFI) by 137.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,720 shares of the company’s stock after purchasing an additional 14,299 shares during the quarter. Dark Forest Capital Management LP’s holdings in United Natural Foods were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of United Natural Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock valued at $22,852,000 after buying an additional 14,928 shares during the period. JPMorgan Chase & Co. lifted its holdings in 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 during the last quarter. Versant Capital Management Inc grew its position in United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 372 shares during the period. GAMMA Investing LLC increased 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 acquiring an additional 639 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in United Natural Foods by 3.5% in the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company’s stock valued at $424,000 after purchasing an additional 521 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Price Performance

United Natural Foods stock opened at $25.76 on Friday. The company’s 50 day moving average is $27.07 and its two-hundred day moving average is $26.08. The firm has a market cap of $1.56 billion, a PE ratio of -16.41 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, Inc. has a 52-week low of $8.66 and a 52-week high of $34.76.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $7.96 billion. During the same period last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

UNFI has been the subject of a number of research analyst reports. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, March 12th. The Goldman Sachs Group increased their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. 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, Wells Fargo & Company increased their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.