Convergence Investment Partners LLC decreased its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 13.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,239 shares of the company’s stock after selling 1,852 shares during the period. Convergence Investment Partners LLC’s holdings in United Natural Foods were worth $449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its position in United Natural Foods by 6.5% in the first quarter. Capstone Asset Management Co. now owns 8,849 shares of the company’s stock worth $383,000 after buying an additional 540 shares in the last quarter. Louisiana State Employees Retirement System increased its position in United Natural Foods by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $553,000 after buying an additional 300 shares in the last quarter. Legato Capital Management LLC increased its position in United Natural Foods by 4,223.0% in the first quarter. Legato Capital Management LLC now owns 36,573 shares of the company’s stock worth $846,000 after buying an additional 35,727 shares in the last quarter. Reliance Trust Co. of Delaware acquired a new position in United Natural Foods during the first quarter worth $242,000. Finally, Dalton Greiner Hartman Maher & Co. increased its position in United Natural Foods by 18.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 317,320 shares of the company’s stock worth $13,718,000 after buying an additional 49,311 shares in the last quarter.

Shares of United Natural Foods, Inc. (UNFI) opened at 35.81 on Friday. The firm has a 50-day moving average of $36.66 and a 200 day moving average of $40.57. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $49.74. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.38 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. Analysts predict that United Natural Foods, Inc. will post $2.55 EPS for the current year.

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Several research analysts recently commented on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $49.00 target price (down previously from $54.00) on shares of United Natural Foods in a report on Saturday, April 22nd. Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Loop Capital assumed coverage on shares of United Natural Foods in a report on Monday, May 15th. They issued a “buy” rating and a $48.00 target price on the stock. Jefferies Group LLC set a $44.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $34.00 target price on shares of United Natural Foods in a report on Wednesday, May 31st. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.57.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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