United Natural Foods, Inc. (UNFI) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lessened its holdings in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 23.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,750 shares of the company’s stock after selling 96,171 shares during the period. Cambiar Investors LLC owned approximately 0.62% of United Natural Foods worth $13,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kiltearn Partners LLP purchased a new stake in shares of United Natural Foods in the 2nd quarter valued at approximately $74,701,000. Dimensional Fund Advisors LP raised its stake in shares of United Natural Foods by 30.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock valued at $147,183,000 after acquiring an additional 939,946 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of United Natural Foods by 161.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after acquiring an additional 932,281 shares during the period. Alliancebernstein L.P. raised its stake in shares of United Natural Foods by 349.1% in the 2nd quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after acquiring an additional 279,291 shares during the period. Finally, Gotham Asset Management LLC raised its stake in shares of United Natural Foods by 842.2% in the 2nd quarter. Gotham Asset Management LLC now owns 289,022 shares of the company’s stock valued at $10,607,000 after acquiring an additional 258,346 shares during the period.

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Shares of United Natural Foods, Inc. (NASDAQ UNFI) traded down $0.19 during trading on Tuesday, hitting $39.70. 432,300 shares of the stock traded hands, compared to its average volume of 785,930. United Natural Foods, Inc. has a fifty-two week low of $29.53 and a fifty-two week high of $49.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 2.36. The firm has a market cap of $2,027.06, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.92 and a beta of 1.38.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts expect that United Natural Foods, Inc. will post 2.71 earnings per share for the current year.

United Natural Foods announced that its Board of Directors has authorized a share buyback program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other news, SVP Eric A. Dorne sold 9,321 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $44.34, for a total value of $413,293.14. Following the completion of the transaction, the senior vice president now owns 12,346 shares in the company, valued at approximately $547,421.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bates Ann Torre sold 7,190 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $40.16, for a total transaction of $288,750.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,498 shares of company stock valued at $2,659,539. Company insiders own 1.40% of the company’s stock.

A number of equities research analysts have recently issued reports on UNFI shares. Zacks Investment Research downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Stephens started coverage on shares of United Natural Foods in a research note on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price target on the stock. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada set a $34.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a research note on Tuesday, August 29th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.89.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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