United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its position in United Natural Foods, Inc. (NYSE:UNFI) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,800 shares of the company’s stock after selling 1,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in United Natural Foods were worth $404,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new stake in United Natural Foods during the 4th quarter worth $574,000. Principal Financial Group Inc. boosted its stake in shares of United Natural Foods by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 290,485 shares of the company’s stock worth $7,933,000 after buying an additional 10,215 shares during the period. Blue Trust Inc. boosted its stake 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 during the period. New York State Teachers Retirement System grew its holdings in shares of United Natural Foods by 7.2% during the fourth quarter. New York State Teachers Retirement System now owns 84,367 shares of the company’s stock worth $2,304,000 after buying an additional 5,651 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in United Natural Foods by 84.5% in the 4th quarter. Van ECK Associates Corp now owns 8,039 shares of the company’s stock valued at $220,000 after acquiring an additional 3,682 shares during the period. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

Shares of UNFI opened at $31.68 on Monday. 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, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The company has a 50-day simple moving average of $29.08 and a 200-day simple moving average of $22.67. The company has a market capitalization of $1.90 billion, a PE ratio of -20.18 and a beta of 0.62.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on United Natural Foods from $23.00 to $25.00 and gave the company 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 company a “neutral” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective 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 reiterated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on shares of 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 equities 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.40.

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.