Corsair Capital Management L.P. Makes New $336,000 Investment in United Natural Foods, Inc. (NYSE:UNFI)

Corsair Capital Management L.P. acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds have also added to or reduced their stakes in UNFI. nVerses Capital LLC bought a new stake in United Natural Foods during the second quarter worth about $28,000. Public Employees Retirement System of Ohio bought a new stake in United Natural Foods in the 1st quarter worth approximately $38,000. CWM LLC boosted 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 buying an additional 2,879 shares in the last quarter. EMC Capital Management grew its position in United Natural Foods by 39.6% during the first quarter. EMC Capital Management now owns 6,430 shares of the company’s stock valued at $74,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of United Natural Foods by 12.2% during the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after acquiring an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

UNFI has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on United Natural Foods from $14.00 to $23.00 and gave the company 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 research note on Friday, October 11th. UBS Group lifted their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their target price on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.40.

Insiders Place Their Bets

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the transaction, the insider now directly owns 88,218 shares in the company, valued at $1,949,617.80. This represents a 9.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

United Natural Foods Stock Performance

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

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. United Natural Foods’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.25) earnings per share. Equities research analysts forecast that United Natural Foods, Inc. will post 0.64 EPS for the current fiscal year.

About United Natural Foods

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.