Aristeia Capital L.L.C. Takes Position in United Natural Foods, Inc. (NYSE:UNFI)

Aristeia Capital L.L.C. purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 50,429 shares of the company's stock, valued at approximately $661,000. Aristeia Capital L.L.C. owned about 0.08% of United Natural Foods at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UNFI. nVerses Capital LLC acquired a new position in United Natural Foods during the 2nd quarter worth about $28,000. Quest Partners LLC purchased a new position in shares of United Natural Foods in the fourth quarter valued at approximately $35,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Natural Foods in the first quarter valued at approximately $38,000. Fidelis Capital Partners LLC acquired a new position in shares of United Natural Foods in the first quarter valued at approximately $42,000. Finally, Allspring Global Investments Holdings LLC increased its stake in United Natural Foods by 317.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company's stock worth $42,000 after buying an additional 2,763 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Down 1.1 %

NYSE UNFI traded down $0.18 during trading on Tuesday, reaching $16.76. 334,739 shares of the company's stock were exchanged, compared to its average volume of 651,094. The company has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $12.55. The stock has a market cap of $996.72 million, a P/E ratio of -6.86 and a beta of 0.64. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $19.02. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51.

Wall Street Analysts Forecast Growth

Several research firms have commented on UNFI. Roth Mkm boosted their price target on shares of United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. UBS Group boosted their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. Finally, StockNews.com upgraded United Natural Foods from a "sell" rating to a "hold" rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.60.

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.