Private Management Group Inc. Sells 1,113,237 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Private Management Group Inc. trimmed its position in United Natural Foods, Inc. (NYSE:UNFI) by 62.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,615 shares of the company’s stock after selling 1,113,237 shares during the period. Private Management Group Inc. owned approximately 1.09% of United Natural Foods worth $17,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UNFI. SG Americas Securities LLC acquired a new stake in shares of United Natural Foods in the 3rd quarter worth $548,000. Creative Planning boosted its holdings in United Natural Foods by 7.6% in the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after acquiring an additional 953 shares in the last quarter. nVerses Capital LLC boosted its holdings in United Natural Foods by 85.7% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after acquiring an additional 1,800 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of United Natural Foods by 18.6% during the third quarter. Ballentine Partners LLC now owns 15,008 shares of the company’s stock worth $252,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of United Natural Foods by 46.3% during the third quarter. Wolverine Asset Management LLC now owns 15,800 shares of the company’s stock valued at $266,000 after acquiring an additional 5,000 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

NYSE:UNFI opened at $30.93 on Thursday. The firm’s fifty day moving average is $27.63 and its two-hundred day moving average is $21.14. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $32.20. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UNFI shares. Wells Fargo & Company lifted 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 note on Friday, January 10th. Roth Mkm lifted 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 note on Thursday, December 12th. BMO Capital Markets raised their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.20.

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.