Advisors Preferred LLC Sells 18,238 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Advisors Preferred LLC cut its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 13.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,593 shares of the company's stock after selling 18,238 shares during the period. Advisors Preferred LLC owned about 0.19% of United Natural Foods worth $3,140,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UNFI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in United Natural Foods by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company's stock worth $5,152,000 after purchasing an additional 29,357 shares in the last quarter. Virtu Financial LLC acquired a new position in United Natural Foods in the fourth quarter valued at approximately $324,000. Brighton Jones LLC acquired a new position in United Natural Foods in the fourth quarter valued at approximately $656,000. GAMMA Investing LLC boosted its stake in United Natural Foods by 2,671.4% in the first quarter. GAMMA Investing LLC now owns 56,177 shares of the company's stock valued at $1,539,000 after acquiring an additional 54,150 shares during the period. Finally, Range Financial Group LLC acquired a new position in United Natural Foods in the first quarter valued at approximately $1,253,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group cut their price target on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Tuesday. BMO Capital Markets dropped their target price on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $28.13.

United Natural Foods Stock Up 2.4%

NYSE:UNFI traded up $0.67 during trading hours on Friday, hitting $28.19. 1,405,563 shares of the stock traded hands, compared to its average volume of 1,244,401. The firm has a 50 day moving average price of $25.50 and a 200 day moving average price of $27.11. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 1.21. United Natural Foods, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $34.76. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -24.51 and a beta of 0.82.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to analysts' expectations of $7.78 billion. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. United Natural Foods's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

About United Natural Foods

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.