Aristeia Capital L.L.C. Makes New $661,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Aristeia Capital L.L.C. purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the 2nd quarter, Holdings Channel reports. The firm purchased 50,429 shares of the company’s stock, valued at approximately $661,000.

A number of other hedge funds have also modified their holdings of UNFI. Charles Schwab Investment Management Inc. raised its stake in United Natural Foods by 18.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after purchasing an additional 115,308 shares during the last quarter. Jump Financial LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $227,000. Quest Partners LLC purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $35,000. Aigen Investment Management LP acquired a new stake in United Natural Foods during the fourth quarter worth approximately $196,000. Finally, TFO Wealth Partners LLC grew its stake in United Natural Foods by 266,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 5,328 shares of the company’s stock worth $86,000 after acquiring an additional 5,326 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

Shares of NYSE:UNFI opened at $16.92 on Tuesday. The business has a 50-day moving average of $14.46 and a two-hundred day moving average of $12.55. The firm has a market capitalization of $1.01 billion, a PE ratio of -7.02 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $19.02.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. UBS Group raised their price target 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, Roth Mkm upped their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. One 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, United Natural Foods has an average 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.