United Natural Foods (NYSE:UNFI) Trading Down 3.3%

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s stock price fell 3.3% on Wednesday . The stock traded as low as $15.39 and last traded at $15.39. 77,525 shares traded hands during trading, a decline of 88% from the average session volume of 644,752 shares. The stock had previously closed at $15.92.

Analyst Ratings Changes

A number of analysts have recently issued reports on UNFI shares. UBS Group increased their price objective on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. StockNews.com raised United Natural Foods from a "sell" rating to a "hold" rating in a report on Thursday, June 13th. Finally, Roth Mkm upped their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $13.60.

United Natural Foods Stock Performance

The company has a market capitalization of $925.35 million, a P/E ratio of -6.45 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. The business's fifty day simple moving average is $14.17 and its 200-day simple moving average is $12.47.

Institutional Investors Weigh In On United Natural Foods

Several large investors have recently made changes to their positions in UNFI. Vanguard Group Inc. increased its stake in United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company's stock worth $87,175,000 after acquiring an additional 321,020 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of United Natural Foods by 49.5% in the 2nd quarter. Private Management Group Inc. now owns 1,773,670 shares of the company's stock valued at $23,235,000 after acquiring an additional 587,163 shares during the last quarter. American Century Companies Inc. grew its position in United Natural Foods by 23.1% in the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company's stock worth $16,601,000 after acquiring an additional 237,496 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company's stock valued at $12,102,000 after purchasing an additional 115,308 shares during the period. Finally, Bragg Financial Advisors Inc lifted its stake in shares of United Natural Foods by 0.8% in the 4th quarter. Bragg Financial Advisors Inc now owns 407,728 shares of the company's stock valued at $6,617,000 after purchasing an additional 3,391 shares during the last quarter. 87.63% of the stock is owned by 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.