United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 61.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,591 shares of the company's stock after selling 13,769 shares during the period. Headlands Technologies LLC's holdings in United Natural Foods were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNFI. Aquatic Capital Management LLC purchased a new stake in United Natural Foods during the fourth quarter valued at about $47,000. Sterling Capital Management LLC grew its position in United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after acquiring an additional 1,672 shares during the period. Picton Mahoney Asset Management purchased a new stake in United Natural Foods during the first quarter valued at about $69,000. Quarry LP grew its position in United Natural Foods by 135.6% during the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock valued at $73,000 after acquiring an additional 1,535 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of United Natural Foods during the first quarter worth about $73,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Down 0.1%

NYSE UNFI traded down $0.03 on Friday, hitting $26.40. 138,683 shares of the stock traded hands, compared to its average volume of 878,984. The stock has a 50-day moving average of $24.71 and a 200 day moving average of $26.99. United Natural Foods, Inc. has a twelve month low of $13.05 and a twelve month high of $34.76. The company has a market capitalization of $1.60 billion, a P/E ratio of -22.95 and a beta of 0.82. 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 (NYSE:UNFI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The firm had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.78 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. United Natural Foods's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UNFI shares. BMO Capital Markets reduced their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $25.00 to $26.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group reduced their price objective 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. Finally, UBS Group boosted their price target on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.13.

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.