United Natural Foods, Inc. (NASDAQ:UNFI) Stake Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 18.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,770 shares of the company’s stock after selling 2,730 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in United Natural Foods were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNFI. Wells Fargo & Company MN raised its stake in shares of United Natural Foods by 4.7% in the first quarter. Wells Fargo & Company MN now owns 346,753 shares of the company’s stock worth $14,990,000 after buying an additional 15,595 shares during the last quarter. Bridge Creek Capital Management LLC raised its stake in shares of United Natural Foods by 0.9% in the first quarter. Bridge Creek Capital Management LLC now owns 45,443 shares of the company’s stock worth $1,965,000 after buying an additional 425 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after buying an additional 200 shares during the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of United Natural Foods during the first quarter worth about $671,000. Finally, Polaris Greystone Financial Group LLC raised its stake in shares of United Natural Foods by 4.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 30,489 shares of the company’s stock worth $1,318,000 after buying an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.

United Natural Foods, Inc. (NASDAQ UNFI) traded down 0.03% during trading on Friday, hitting $36.24. The company had a trading volume of 245,162 shares. The firm’s 50 day moving average is $36.55 and its 200-day moving average is $40.88. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $50.15. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.55 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the company earned $0.76 earnings per share. United Natural Foods’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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A number of analysts have weighed in on the company. Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Citigroup Inc. restated a “buy” rating and set a $49.00 target price (down previously from $54.00) on shares of United Natural Foods in a report on Saturday, April 22nd. ValuEngine lowered United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Wells Fargo & Company restated a “hold” rating on shares of United Natural Foods in a report on Tuesday, June 6th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.47.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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