70,000 Shares in United Natural Foods, Inc. (NYSE:UNFI) Bought by Gabelli Funds LLC

Gabelli Funds LLC bought a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 70,000 shares of the company's stock, valued at approximately $917,000. Gabelli Funds LLC owned 0.12% of United Natural Foods as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. grew its stake in shares of United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company's stock worth $23,235,000 after purchasing an additional 587,163 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of United Natural Foods by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company's stock valued at $87,175,000 after buying an additional 321,020 shares during the period. American Century Companies Inc. raised its position in shares of United Natural Foods by 23.1% during the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company's stock worth $16,601,000 after acquiring an additional 237,496 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of United Natural Foods in the first quarter worth approximately $2,317,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in United Natural Foods in the first quarter valued at approximately $1,655,000. 87.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

UNFI has been the subject of a number of research analyst reports. Roth Mkm lifted their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, June 6th. UBS Group lifted their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, June 6th. Finally, StockNews.com upgraded United Natural Foods from a "sell" rating to a "hold" rating in a report on Thursday, June 13th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.60.

United Natural Foods Stock Up 2.5 %

Shares of NYSE:UNFI traded up $0.42 during mid-day trading on Friday, hitting $17.15. 162,163 shares of the company traded hands, compared to its average volume of 648,318. The stock has a market cap of $1.02 billion, a P/E ratio of -6.94 and a beta of 0.64. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $17.33. The stock has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $12.64.

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.