Charles Schwab Investment Management Inc. Lowers Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Charles Schwab Investment Management Inc. cut its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 657,342 shares of the company's stock after selling 84,668 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of United Natural Foods worth $17,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of United Natural Foods by 3.5% during the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock valued at $424,000 after acquiring an additional 521 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after acquiring an additional 639 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock valued at $873,000 after acquiring an additional 834 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after acquiring an additional 1,557 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a report on Wednesday, March 12th. Roth Mkm lifted their price objective on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price objective on United Natural Foods from $23.00 to $25.00 and gave the stock an "underweight" rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Stock Performance

NYSE:UNFI traded up $0.08 on Friday, hitting $26.15. The stock had a trading volume of 1,821,514 shares, compared to its average volume of 678,397. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -16.65 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The business's 50-day simple moving average is $29.37 and its two-hundred day simple moving average is $24.62. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76.

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

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.