United Natural Foods (NYSE:UNFI) Shares Down 3%

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) traded down 3% during mid-day trading on Tuesday . The stock traded as low as $8.82 and last traded at $8.83. 385,143 shares were traded during mid-day trading, a decline of 44% from the average session volume of 685,456 shares. The stock had previously closed at $9.10.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Roth Mkm reiterated a "neutral" rating and issued a $13.00 target price (down previously from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. StockNews.com lowered shares of United Natural Foods from a "hold" rating to a "sell" rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Company reduced their price target on shares of United Natural Foods from $15.00 to $12.00 and set an "underweight" rating for the company in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.40.

United Natural Foods Stock Performance

The company has a market cap of $529.02 million, a P/E ratio of -4.56 and a beta of 0.56. The company's 50-day moving average is $12.38 and its two-hundred day moving average is $14.35. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. Equities analysts predict that United Natural Foods, Inc. will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors and hedge funds have recently modified their holdings of UNFI. Federated Hermes Inc. lifted its holdings in shares of United Natural Foods by 2,136.5% in the fourth quarter. Federated Hermes Inc. now owns 657,320 shares of the company's stock worth $10,668,000 after buying an additional 627,930 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of United Natural Foods by 3.9% in the third quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company's stock worth $105,128,000 after buying an additional 277,636 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of United Natural Foods by 10.9% in the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company's stock worth $28,847,000 after buying an additional 199,757 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of United Natural Foods by 728.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,783 shares of the company's stock worth $2,542,000 after buying an additional 158,082 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of United Natural Foods by 632.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 161,879 shares of the company's stock worth $2,289,000 after buying an additional 139,779 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

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.