PDT Partners LLC Sells 50,937 Shares of United Natural Foods, Inc. (NYSE:UNFI)

PDT Partners LLC reduced its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,372 shares of the company's stock after selling 50,937 shares during the period. PDT Partners LLC owned 0.07% of United Natural Foods worth $662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Private Management Group Inc. boosted its holdings in United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company's stock worth $23,235,000 after purchasing an additional 587,163 shares in the last quarter. Vanguard Group Inc. grew 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 valued at $87,175,000 after buying an additional 321,020 shares during the last quarter. American Century Companies Inc. lifted its position in United Natural Foods by 23.1% during the 2nd 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 during the last quarter. Renaissance Technologies LLC increased its position in United Natural Foods by 86.6% in the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company's stock worth $3,461,000 after buying an additional 122,626 shares during the period. Finally, BNP Paribas Financial Markets grew its position in United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company's stock worth $1,820,000 after purchasing an additional 84,257 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Trading Down 0.6 %

Shares of United Natural Foods stock traded down $0.16 during trading on Tuesday, hitting $25.09. 655,039 shares of the company were exchanged, compared to its average volume of 682,345. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $25.48. The firm's fifty day moving average price is $20.99 and its 200 day moving average price is $16.26.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.25) EPS. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the sale, the insider now directly owns 88,218 shares in the company, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on United Natural Foods from $14.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating in a research note on Friday, October 11th. Finally, UBS Group upped their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.40.

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.