United Natural Foods, Inc. (NYSE:UNFI) Position Lowered by Prentice Capital Management LP

Prentice Capital Management LP lowered its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 62.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,832 shares of the company's stock after selling 58,888 shares during the period. United Natural Foods makes up approximately 1.7% of Prentice Capital Management LP's portfolio, making the stock its 10th largest position. Prentice Capital Management LP owned about 0.06% of United Natural Foods worth $979,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of United Natural Foods by 3.5% during the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock worth $424,000 after purchasing an additional 521 shares during the period. SG Americas Securities LLC increased its position in shares of United Natural Foods by 66.8% during the 4th quarter. SG Americas Securities LLC now owns 54,316 shares of the company's stock worth $1,483,000 after purchasing an additional 21,750 shares during the last quarter. Brighton Jones LLC purchased a new stake in United Natural Foods in the 4th quarter valued at about $656,000. Finally, Blue Trust Inc. lifted its position in United Natural Foods by 200.2% in the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company's stock valued at $87,000 after buying an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

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

United Natural Foods Stock Up 2.2%

Shares of NYSE:UNFI traded up $0.68 during trading on Tuesday, hitting $31.04. The company's stock had a trading volume of 218,724 shares, compared to its average volume of 688,341. United Natural Foods, Inc. has a fifty-two week low of $10.97 and a fifty-two week high of $34.76. The business has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $27.00. 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 company has a market capitalization of $1.88 billion, a PE ratio of -19.77 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The firm had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. During the same period in the previous year, the firm posted $0.07 EPS. United Natural Foods's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect 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.