Private Management Group Inc. Has $12.23 Million Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Key Points

• Private Management Group Inc. decreased its holdings in United Natural Foods by 31.9%, selling 209,248 shares and now owning approximately 0.74% of the company, valued at $12.2 million.
• Analysts have mixed views on United Natural Foods, with Goldman Sachs cutting its price target from $30 to $26, while others like UBS and Northcoast Research have raised their targets, suggesting a consensus rating of "Hold."
• United Natural Foods reported a quarterly earnings per share of $0.44, exceeding analysts' expectations, with revenues of $8.06 billion up by 7.5% year-over-year.

Private Management Group Inc. cut its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 31.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,367 shares of the company's stock after selling 209,248 shares during the period. Private Management Group Inc. owned about 0.74% of United Natural Foods worth $12,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. CWM LLC increased its holdings in shares of United Natural Foods by 19.5% during the first quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after buying an additional 526 shares in the last quarter. Covestor Ltd grew its holdings in United Natural Foods by 36.4% during the 4th quarter. Covestor Ltd now owns 3,066 shares of the company's stock worth $84,000 after acquiring an additional 819 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in United Natural Foods during the 4th quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in United Natural Foods by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company's stock worth $913,000 after acquiring an additional 1,245 shares during the period. Finally, Quarry LP boosted its position in shares of United Natural Foods by 135.6% during the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock worth $73,000 after purchasing an additional 1,535 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Northcoast Research raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Tuesday, July 22nd. Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $25.00 to $26.00 in a research report on Wednesday, July 16th. UBS Group boosted their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, BMO Capital Markets cut their price target on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research report on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Natural Foods has an average rating of "Hold" and an average target price of $28.13.

United Natural Foods Stock Performance

NYSE:UNFI traded down $0.67 during mid-day trading on Tuesday, hitting $27.76. The stock had a trading volume of 282,978 shares, compared to its average volume of 884,101. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -24.13 and a beta of 0.82. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. United Natural Foods, Inc. has a twelve month low of $12.00 and a twelve month high of $34.76. The company's 50 day simple moving average is $25.46 and its 200 day simple moving average is $27.10.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly 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. The firm had revenue of $8.06 billion for 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%. The business's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities research analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.