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

Teachers Retirement System of The State of Kentucky reduced its stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 18.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its position in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock valued at $154,000 after buying an additional 548 shares during the period. Bell Bank boosted its stake in United Natural Foods by 6.2% in the first quarter. Bell Bank now owns 5,381 shares of the company’s stock valued at $233,000 after buying an additional 315 shares during the period. Finally, Reliance Trust Co. of Delaware acquired a new stake in United Natural Foods during the first quarter valued at about $242,000.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) traded down 0.06% during mid-day trading on Friday, reaching $35.79. The company had a trading volume of 439,637 shares. The stock has a market capitalization of $1.81 billion, a P/E ratio of 14.37 and a beta of 1.39. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $49.74. The company’s 50-day moving average is $36.65 and its 200 day moving average is $40.50.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 EPS for the quarter, topping 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 business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $0.76 earnings per share. United Natural Foods’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that United Natural Foods, Inc. will post $2.55 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on UNFI shares. Loop Capital started coverage on United Natural Foods in a research note on Monday, May 15th. They issued a “buy” rating and a $48.00 price objective for the company. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 6th. Barclays PLC reissued a “sell” rating and set a $37.00 target price on shares of United Natural Foods in a research note on Thursday, June 8th. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Citigroup Inc. reissued a “buy” rating and set a $49.00 target price (down from $54.00) on shares of United Natural Foods in a research note on Saturday, April 22nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. United Natural Foods has a consensus rating of “Hold” and an average price target of $41.57.

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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