Quinn Opportunity Partners LLC Purchases New Position in United Natural Foods, Inc. (NYSE:UNFI)

Quinn Opportunity Partners LLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,831 shares of the company's stock, valued at approximately $2,207,000. Quinn Opportunity Partners LLC owned approximately 0.13% of United Natural Foods at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of United Natural Foods by 28.1% during the 4th quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock worth $55,118,000 after purchasing an additional 442,574 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of United Natural Foods by 162.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 587,697 shares of the company's stock worth $16,050,000 after purchasing an additional 363,962 shares during the last quarter. JPMorgan Chase & Co. increased its stake in United Natural Foods by 146.8% in the fourth quarter. JPMorgan Chase & Co. now owns 439,109 shares of the company's stock valued at $11,992,000 after purchasing an additional 261,172 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of United Natural Foods by 379.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 201,622 shares of the company's stock valued at $5,506,000 after buying an additional 159,572 shares during the period. Finally, Advisors Preferred LLC purchased a new position in shares of United Natural Foods in the 4th quarter worth $3,637,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Up 1.7 %

UNFI stock traded up $0.41 during midday trading on Thursday, reaching $24.64. The company had a trading volume of 128,412 shares, compared to its average volume of 706,193. The company has a 50 day moving average of $27.97 and a two-hundred day moving average of $25.85. The company has a market capitalization of $1.49 billion, a P/E ratio of -15.69 and a beta of 1.08. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UNFI shares. Wells Fargo & Company upped their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a report on Wednesday, March 12th. StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of "Hold" and a consensus target price of $27.50.

United Natural Foods 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.