United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,727 shares of the company's stock after selling 16,645 shares during the quarter. Russell Investments Group Ltd.'s holdings in United Natural Foods were worth $320,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in UNFI. Geode Capital Management LLC grew its holdings in United Natural Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company's stock worth $22,852,000 after acquiring an additional 14,928 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of United Natural Foods by 118.1% in the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock valued at $2,993,000 after purchasing an additional 96,341 shares in the last quarter. Versant Capital Management Inc grew its position in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC raised its position in shares of United Natural Foods by 46.0% during the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in United Natural Foods by 3.5% during the 4th quarter. Ballentine Partners LLC now owns 15,529 shares of the company's stock valued at $424,000 after buying an additional 521 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Up 1.6 %

NYSE:UNFI traded up $0.41 during mid-day trading on Friday, hitting $26.19. The company had a trading volume of 493,576 shares, compared to its average volume of 704,484. The business has a fifty day simple moving average of $26.94 and a 200-day simple moving average of $26.21. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -16.68 and a beta of 1.08. United Natural Foods, Inc. has a 1 year low of $8.90 and a 1 year high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate 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 company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Equities analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UNFI has been the topic of several analyst reports. StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.50.

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.