Bfsg LLC Sells 504 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Bfsg LLC lessened its position in United Natural Foods, Inc. (NYSE:UNFI) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,765 shares of the company’s stock after selling 504 shares during the period. Bfsg LLC’s holdings in United Natural Foods were worth $131,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of United Natural Foods in the fourth quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of United Natural Foods during the fourth quarter valued at approximately $37,000. Aquatic Capital Management LLC bought a new position in shares of United Natural Foods during the fourth quarter valued at approximately $47,000. Sterling Capital Management LLC raised its holdings in shares of United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock valued at $51,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock worth $65,000 after acquiring an additional 1,557 shares during the period. Institutional investors own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group reduced their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased their price target on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, June 12th. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.43.

United Natural Foods Price Performance

UNFI stock opened at $21.61 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The firm has a 50 day moving average price of $26.80 and a 200-day moving average price of $27.67. United Natural Foods, Inc. has a 52-week low of $11.88 and a 52-week high of $34.76. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -18.79 and a beta of 0.90.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that United Natural Foods, Inc. will post 0.76 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.