Readystate Asset Management LP Sells 252,969 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Readystate Asset Management LP decreased its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 70.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,467 shares of the company's stock after selling 252,969 shares during the quarter. Readystate Asset Management LP owned approximately 0.18% of United Natural Foods worth $1,808,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in United Natural Foods by 12.2% in the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company's stock worth $86,000 after purchasing an additional 716 shares in the last quarter. Creative Planning grew its stake in shares of United Natural Foods by 7.6% in the third quarter. Creative Planning now owns 13,506 shares of the company's stock worth $227,000 after acquiring an additional 953 shares during the last quarter. Keynote Financial Services LLC grew its stake in shares of United Natural Foods by 6.6% in the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company's stock worth $229,000 after acquiring an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of United Natural Foods by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company's stock worth $488,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Diversified Trust Co grew its stake in shares of United Natural Foods by 1.4% in the second quarter. Diversified Trust Co now owns 94,859 shares of the company's stock worth $1,243,000 after acquiring an additional 1,322 shares during the last quarter. Institutional investors own 87.63% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the transaction, the insider now owns 88,218 shares of the company's stock, valued at $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI traded down $0.27 on Thursday, hitting $24.39. The stock had a trading volume of 134,791 shares, compared to its average volume of 678,942. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -13.04 and a beta of 0.64. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The business's 50-day simple moving average is $21.32 and its two-hundred day simple moving average is $16.41. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $25.48.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted ($0.25) earnings per share. As a group, research analysts predict that United Natural Foods, Inc. will post 0.64 earnings per share for the current year.

United Natural Foods Company 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.