Cerity Partners LLC Sells 17,630 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Cerity Partners LLC cut its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 42.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,393 shares of the company's stock after selling 17,630 shares during the period. Cerity Partners LLC's holdings in United Natural Foods were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of United Natural Foods in the 4th quarter valued at about $656,000. Proficio Capital Partners LLC purchased a new stake in United Natural Foods in the fourth quarter worth $277,000. Raymond James Financial Inc. purchased a new stake in United Natural Foods in the fourth quarter worth $462,000. Quantbot Technologies LP purchased a new position in shares of United Natural Foods in the fourth quarter valued at $667,000. Finally, Virtu Financial LLC bought a new stake in United Natural Foods during the fourth quarter valued at $324,000. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Ratings Changes

UNFI has been the topic of several recent research reports. UBS Group raised their price target on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. 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 research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the company a "hold" rating in a report on Thursday, June 12th. BMO Capital Markets decreased 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, Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.13.

United Natural Foods Stock Performance

NYSE UNFI traded up $0.67 during trading on Friday, reaching $28.19. The company's stock had a trading volume of 1,405,563 shares, compared to its average volume of 1,244,401. United Natural Foods, Inc. has a twelve month low of $12.00 and a twelve month high of $34.76. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The business's fifty day moving average price is $25.50 and its 200-day moving average price is $27.11. 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 announced its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.22. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The business had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

United Natural Foods Company 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.