Thrivent Financial for Lutherans Has $787,000 Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Thrivent Financial for Lutherans lowered its position in United Natural Foods, Inc. (NYSE:UNFI) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,804 shares of the company’s stock after selling 2,640 shares during the period. Thrivent Financial for Lutherans’ holdings in United Natural Foods were worth $787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its holdings in United Natural Foods by 86.6% during the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after buying an additional 122,626 shares in the last quarter. Aristeia Capital L.L.C. bought a new position in shares of United Natural Foods in the 2nd quarter valued at approximately $661,000. SG Americas Securities LLC acquired a new stake in United Natural Foods in the 3rd quarter worth approximately $548,000. Gabelli Funds LLC bought a new stake in United Natural Foods during the second quarter worth approximately $917,000. Finally, Public Employees Retirement System of Ohio acquired a new position in United Natural Foods during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

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

United Natural Foods Stock Down 0.6 %

Shares of United Natural Foods stock opened at $25.09 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. The firm has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $16.26. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $25.48.

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

Insider Transactions at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of United Natural Foods stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $22.10, for a total transaction of $200,005.00. Following the sale, the insider now directly owns 88,218 shares in the company, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.

United Natural Foods 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.