United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP reduced its stake in United Natural Foods, Inc. (NYSE:UNFI) by 79.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,500 shares of the company’s stock after selling 73,735 shares during the period. Invenomic Capital Management LP’s holdings in United Natural Foods were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in United Natural Foods in the 1st quarter valued at $2,317,000. Public Employees Retirement System of Ohio acquired a new stake in shares of United Natural Foods during the first quarter valued at about $38,000. Price T Rowe Associates Inc. MD grew its stake in shares of United Natural Foods by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,493 shares of the company’s stock valued at $500,000 after acquiring an additional 1,994 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of United Natural Foods by 21.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,879 shares of the company’s stock valued at $99,000 after acquiring an additional 1,598 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

Shares of UNFI traded down $0.04 during mid-day trading on Wednesday, reaching $15.52. 193,247 shares of the company’s stock traded hands, compared to its average volume of 674,154. The business’s 50-day moving average price is $13.25 and its 200-day moving average price is $12.82. The stock has a market capitalization of $922.97 million, a P/E ratio of -6.46 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $21.22.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.51 billion. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts predict that United Natural Foods, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Roth Mkm raised their target price on United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. StockNews.com upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, UBS Group raised their target price on United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.60.

United Natural Foods 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.