Charles Schwab Investment Management Inc. Sells 84,668 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Charles Schwab Investment Management Inc. lessened its position in United Natural Foods, Inc. (NYSE:UNFI) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 657,342 shares of the company’s stock after selling 84,668 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of United Natural Foods worth $17,952,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in United Natural Foods by 1.5% in the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after acquiring an additional 34,522 shares during the period. Geode Capital Management LLC raised its holdings in United Natural Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after acquiring an additional 14,928 shares during the period. Hauser Brothers GmbH raised its holdings in United Natural Foods by 0.6% in the 3rd quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock worth $15,340,000 after acquiring an additional 5,000 shares during the period. Bank of New York Mellon Corp raised its holdings in United Natural Foods by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 431,971 shares of the company’s stock worth $11,797,000 after acquiring an additional 4,260 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in United Natural Foods by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 290,485 shares of the company’s stock worth $7,933,000 after acquiring an additional 10,215 shares during the period. Institutional investors own 87.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on UNFI shares. BMO Capital Markets raised their price target 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 restated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Roth Mkm raised their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.50.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The firm’s 50-day simple moving average is $29.44 and its 200-day simple moving average is $24.47. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $34.76. The firm has a market cap of $1.60 billion, a P/E ratio of -16.80 and a beta of 0.56.

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

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.