Breton Hill Capital Ltd. Sells 5,387 Shares of United Natural Foods, Inc. (UNFI)
Breton Hill Capital Ltd. cut its stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 23.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,936 shares of the company’s stock after selling 5,387 shares during the period. Breton Hill Capital Ltd.’s holdings in United Natural Foods were worth $746,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of United Natural Foods by 16,599.3% in the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after purchasing an additional 5,220,963 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of United Natural Foods in the 2nd quarter valued at approximately $716,000. Adirondack Research & Management Inc. acquired a new position in shares of United Natural Foods in the 2nd quarter valued at approximately $1,725,000. Peregrine Capital Management LLC raised its position in shares of United Natural Foods by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock valued at $5,302,000 after purchasing an additional 2,881 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of United Natural Foods in the 2nd quarter valued at approximately $1,156,000.
A number of brokerages have recently weighed in on UNFI. Buckingham Research lowered their price target on United Natural Foods from $53.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 14th. Wells Fargo & Company reiterated a “hold” rating and issued a $38.00 price target on shares of United Natural Foods in a report on Thursday, September 14th. Barclays PLC reiterated a “sell” rating and issued a $32.00 price target on shares of United Natural Foods in a report on Thursday, September 28th. Zacks Investment Research downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a report on Thursday, October 5th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and an average price target of $42.33.
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Shares of United Natural Foods, Inc. (UNFI) traded down $0.08 on Friday, reaching $39.89. The company had a trading volume of 498,557 shares, compared to its average volume of 695,580. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $49.74. The company has a market cap of $2,020.00, a P/E ratio of 15.55, a P/E/G ratio of 2.93 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 2.36.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts predict that United Natural Foods, Inc. will post 2.71 EPS for the current year.
United Natural Foods declared that its board has initiated a stock buyback program on Friday, October 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other news, Director Bates Ann Torre sold 7,190 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Michael Hummel sold 1,407 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $40.72, for a total value of $57,293.04. The disclosure for this sale can be found here. In the last three months, insiders sold 61,498 shares of company stock valued at $2,659,539. Company insiders own 1.30% of the company’s stock.
United Natural Foods Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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