United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in United Natural Foods, Inc. (NYSE:UNFI) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,410 shares of the company’s stock after selling 394 shares during the period. Thrivent Financial for Lutherans’ holdings in United Natural Foods were worth $1,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC raised its stake in United Natural Foods by 47.7% in the 3rd quarter. Intech Investment Management LLC now owns 31,591 shares of the company’s stock worth $531,000 after acquiring an additional 10,199 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of United Natural Foods in the third quarter valued at about $239,000. BNP Paribas Financial Markets raised its stake in shares of United Natural Foods by 352.2% in the third quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after purchasing an additional 84,257 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of United Natural Foods by 92.8% during the third quarter. Verition Fund Management LLC now owns 37,209 shares of the company’s stock worth $626,000 after purchasing an additional 17,914 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in United Natural Foods in the third quarter valued at approximately $354,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

NYSE UNFI opened at $27.38 on Tuesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.44 and a beta of 0.56. The stock has a 50-day moving average of $29.24 and a 200 day moving average of $25.19. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $34.76.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Roth Mkm boosted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, CL King raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, United Natural Foods currently has a consensus rating of “Hold” and a consensus price target of $27.50.

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.