Valueworks LLC Sells 35,333 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Valueworks LLC cut its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 466,353 shares of the company's stock after selling 35,333 shares during the period. United Natural Foods comprises approximately 4.2% of Valueworks LLC's investment portfolio, making the stock its 10th biggest holding. Valueworks LLC owned approximately 0.78% of United Natural Foods worth $12,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Voloridge Investment Management LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth $471,000. Sherbrooke Park Advisers LLC bought a new stake in shares of United Natural Foods during the fourth quarter worth about $524,000. ProShare Advisors LLC grew its holdings in shares of United Natural Foods by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 17,731 shares of the company's stock worth $484,000 after purchasing an additional 5,458 shares during the last quarter. Man Group plc bought a new stake in United Natural Foods in the fourth quarter valued at approximately $829,000. Finally, Nia Impact Advisors LLC bought a new stake in United Natural Foods in the fourth quarter valued at approximately $2,126,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

NYSE UNFI opened at $30.27 on Tuesday. The company has a market cap of $1.83 billion, a P/E ratio of -19.28 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The business's 50 day moving average price is $26.37 and its 200-day moving average price is $27.00. United Natural Foods, Inc. has a fifty-two week low of $10.97 and a fifty-two week high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Sell-side analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UNFI shares. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.50.

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.

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