Corsair Capital Management L.P. Makes New Investment in United Natural Foods, Inc. (NYSE:UNFI)

Corsair Capital Management L.P. bought a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in United Natural Foods in the 2nd quarter worth about $28,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Natural Foods in the first quarter valued at approximately $38,000. CWM LLC grew its stake in United Natural Foods by 661.8% in the second quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares in the last quarter. EMC Capital Management raised its position in United Natural Foods by 39.6% during the 1st quarter. EMC Capital Management now owns 6,430 shares of the company’s stock valued at $74,000 after purchasing an additional 1,824 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of United Natural Foods by 12.2% in the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after acquiring an additional 716 shares in the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNFI shares. BMO Capital Markets upped their price objective on United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 2nd. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, UBS Group raised their target price on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.40.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the completion of the sale, the insider now directly owns 100,423 shares in the company, valued at $1,986,366.94. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

United Natural Foods Price Performance

Shares of UNFI opened at $24.77 on Wednesday. The business’s 50-day moving average is $20.12 and its two-hundred day moving average is $15.75. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $25.23.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.25) earnings per share. On average, sell-side analysts forecast that United Natural Foods, Inc. will post 0.64 EPS for the current fiscal year.

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.