Covestor Ltd Has $38,000 Stake in United Natural Foods, Inc. (NYSE:UNFI)

Covestor Ltd reduced its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 24.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,247 shares of the company’s stock after selling 708 shares during the period. Covestor Ltd’s holdings in United Natural Foods were worth $38,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UNFI. Renaissance Technologies LLC raised its stake in United Natural Foods by 86.6% during the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock worth $3,461,000 after buying an additional 122,626 shares during the period. Vanguard Group Inc. lifted its stake in United Natural Foods by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after purchasing an additional 321,020 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of United Natural Foods during the first quarter worth $2,317,000. Aristeia Capital L.L.C. purchased a new stake in shares of United Natural Foods during the second quarter worth $661,000. Finally, SG Americas Securities LLC purchased a new stake in shares of United Natural Foods during the third quarter worth $548,000. 87.63% of the stock is owned by institutional investors.

United Natural Foods Trading Up 1.0 %

NYSE:UNFI opened at $21.66 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 1.28. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $23.15. The company has a market cap of $1.30 billion, a PE ratio of -11.46 and a beta of 0.62. The company has a 50 day simple moving average of $19.13 and a two-hundred day simple moving average of $15.09.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.94 billion. During the same quarter in the previous year, the firm posted ($0.25) EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Research analysts forecast that United Natural Foods, Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

UNFI has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on 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. UBS Group raised their target price on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group raised their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.40.

Insider Activity

In other news, insider Danielle Benedict sold 9,050 shares of the company’s 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. This represents a 9.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

United Natural Foods Company 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.