Jupiter Asset Management Ltd. decreased its holdings in United Natural Foods Inc (NASDAQ:UNFI) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 306,393 shares of the company’s stock after selling 20,339 shares during the period. Jupiter Asset Management Ltd.’s holdings in United Natural Foods were worth $9,176,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Zions Bancorporation acquired a new stake in shares of United Natural Foods during the 3rd quarter worth approximately $117,000. Mainstay Capital Management LLC ADV increased its holdings in shares of United Natural Foods by 4,166.2% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock worth $142,000 after buying an additional 5,916 shares during the last quarter. HPM Partners LLC acquired a new stake in shares of United Natural Foods during the 2nd quarter worth approximately $223,000. NumerixS Investment Technologies Inc acquired a new stake in shares of United Natural Foods during the 2nd quarter worth approximately $241,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of United Natural Foods during the 2nd quarter worth approximately $255,000. Institutional investors own 97.21% of the company’s stock.

NASDAQ:UNFI opened at $23.00 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. The company has a market cap of $1.21 billion, a P/E ratio of 7.40, a P/E/G ratio of 0.95 and a beta of 1.60. United Natural Foods Inc has a fifty-two week low of $21.16 and a fifty-two week high of $52.69.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.61 billion. United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. As a group, equities analysts forecast that United Natural Foods Inc will post 3.44 EPS for the current year.

In related news, Director James P. Heffernan sold 3,820 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the completion of the transaction, the director now owns 6,960 shares of the company’s stock, valued at approximately $205,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

UNFI has been the subject of a number of recent analyst reports. Pivotal Research restated a “sell” rating and set a $25.00 price target on shares of United Natural Foods in a report on Monday, July 30th. ValuEngine downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Loop Capital set a $55.00 price target on shares of United Natural Foods and gave the stock a “buy” rating in a report on Friday, July 27th. Northcoast Research downgraded shares of United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday, July 26th. Finally, Citigroup cut their price target on shares of United Natural Foods from $49.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. United Natural Foods currently has a consensus rating of “Hold” and an average price target of $34.98.

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United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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

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