Gabelli Funds LLC lessened its stake in United Natural Foods, Inc. (NASDAQ:UNFI) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,200 shares of the company’s stock after selling 13,000 shares during the quarter. Gabelli Funds LLC’s holdings in United Natural Foods were worth $16,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new position in shares of United Natural Foods during the 4th quarter valued at $127,000. Strs Ohio lifted its holdings in shares of United Natural Foods by 440.0% during the 4th quarter. Strs Ohio now owns 2,700 shares of the company’s stock valued at $133,000 after acquiring an additional 2,200 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of United Natural Foods by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after acquiring an additional 2,240 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in shares of United Natural Foods during the 3rd quarter valued at $208,000. Finally, Bell Bank acquired a new position in shares of United Natural Foods during the 3rd quarter valued at $210,000.

UNFI has been the topic of several recent research reports. Loop Capital set a $56.00 target price on shares of United Natural Foods and gave the company a “buy” rating in a report on Friday, December 8th. Goldman Sachs Group restated a “neutral” rating and set a $41.00 target price on shares of United Natural Foods in a report on Tuesday, November 14th. BMO Capital Markets set a $54.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Saturday, December 9th. TheStreet downgraded shares of United Natural Foods from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $34.00 price target on shares of United Natural Foods in a research note on Monday, December 4th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and an average target price of $44.83.

In other news, insider John Michael Hummel sold 1,773 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $49.42, for a total value of $87,621.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher P. Testa sold 4,744 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.47, for a total transaction of $234,685.68. Following the completion of the sale, the insider now directly owns 14,782 shares of the company’s stock, valued at approximately $731,265.54. The disclosure for this sale can be found here. Insiders sold a total of 103,191 shares of company stock valued at $5,140,875 in the last three months. Insiders own 1.40% of the company’s stock.

Shares of United Natural Foods, Inc. (NASDAQ UNFI) opened at $44.08 on Friday. United Natural Foods, Inc. has a one year low of $29.53 and a one year high of $52.69. The stock has a market cap of $2,220.00, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.46 and a beta of 1.41. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter in the previous year, the firm earned $0.58 EPS. analysts expect that United Natural Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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