Quarry LP Reduces Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Quarry LP cut its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 30.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,007 shares of the company’s stock after selling 891 shares during the period. Quarry LP’s holdings in United Natural Foods were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in United Natural Foods by 4.4% during the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after acquiring an additional 321,020 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of United Natural Foods by 49.5% in the 2nd quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock worth $23,235,000 after purchasing an additional 587,163 shares during the period. American Century Companies Inc. boosted its holdings in shares of United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after buying an additional 237,496 shares during the last quarter. Bragg Financial Advisors Inc grew its position in United Natural Foods by 0.8% during the fourth quarter. Bragg Financial Advisors Inc now owns 407,728 shares of the company’s stock valued at $6,617,000 after buying an additional 3,391 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in United Natural Foods by 4.0% during the second quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company’s stock valued at $4,494,000 after buying an additional 13,165 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

United Natural Foods Stock Performance

NYSE UNFI opened at $19.34 on Tuesday. The business has a 50-day moving average price of $15.26 and a 200-day moving average price of $13.01. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -8.02 and a beta of 0.63. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $23.15. The company has a quick ratio of 0.55, a current ratio of 1.44 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.94 billion. During the same period last year, the firm posted ($0.25) EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that United Natural Foods, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UNFI has been the subject of a number of recent research reports. StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. The Goldman Sachs Group upped their price target on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday. BMO Capital Markets lifted their price objective on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 2nd. Finally, UBS Group increased their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.40.

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.