Rhumbline Advisers Lowers Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Rhumbline Advisers trimmed its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,903 shares of the company’s stock after selling 1,213 shares during the period. Rhumbline Advisers’ holdings in United Natural Foods were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 372 shares during the period. GAMMA Investing LLC boosted its stake in shares of United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after buying an additional 639 shares during the period. Blue Trust Inc. grew its position in shares of United Natural Foods by 200.2% during the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock worth $87,000 after buying an additional 2,128 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of United Natural Foods during the 3rd quarter worth $157,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of United Natural Foods in the 3rd quarter valued at about $182,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on UNFI. Roth Mkm raised their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. BMO Capital Markets lifted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, United Natural Foods has a consensus rating of “Hold” and an average target price of $26.40.

United Natural Foods Stock Performance

Shares of UNFI stock opened at $31.56 on Friday. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $34.76. The company’s fifty day simple moving average is $29.47 and its 200-day simple moving average is $23.07. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.89 billion, a PE ratio of -20.10 and a beta of 0.62.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) earnings per share. As a group, equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current 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.