D.A. Davidson & CO. trimmed its holdings in United Natural Foods, Inc. (NASDAQ:UNFI) by 35.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,975 shares of the company’s stock after selling 5,029 shares during the quarter. D.A. Davidson & CO.’s holdings in United Natural Foods were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in UNFI. Sei Investments Co. raised its position in United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares during the last quarter. LS Investment Advisors LLC boosted its stake in United Natural Foods by 20.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after purchasing an additional 711 shares during the period. Riverhead Capital Management LLC boosted its stake in United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after purchasing an additional 2,095 shares during the period. Parametrica Management Ltd acquired a new stake in United Natural Foods during the 2nd quarter worth $201,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in United Natural Foods during the 2nd quarter worth $203,000.

UNFI has been the topic of a number of recent research reports. Barclays PLC restated a “sell” rating and issued a $37.00 price objective on shares of United Natural Foods in a research note on Thursday, June 8th. Pivotal Research reiterated a “sell” rating on shares of United Natural Foods in a research note on Wednesday, June 7th. Deutsche Bank AG decreased their target price on shares of United Natural Foods from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Wednesday, June 7th. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Loop Capital reissued a “buy” rating and set a $44.00 price target (down previously from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.76.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/d-a-davidson-co-lowers-stake-in-united-natural-foods-inc-unfi/1602836.html.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at 41.59 on Monday. The company has a 50 day moving average of $36.25 and a 200 day moving average of $39.08. 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 cap of $2.11 billion, a PE ratio of 16.25 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that United Natural Foods, Inc. will post $2.71 EPS for the current fiscal year.

In related news, CFO Michael Paul Zechmeister sold 11,500 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $44.06, for a total value of $506,690.00. Following the completion of the sale, the chief financial officer now owns 1,997 shares of the company’s stock, valued at $87,987.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sean Griffin sold 8,095 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.25, for a total transaction of $350,108.75. Following the completion of the sale, the chief operating officer now directly owns 6,521 shares of the company’s stock, valued at approximately $282,033.25. The disclosure for this sale can be found here. Insiders have sold 47,271 shares of company stock worth $2,079,875 over the last three months. Corporate insiders own 1.30% of the company’s stock.

United Natural Foods Company Profile

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.

Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods, Inc. (NASDAQ:UNFI).

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

Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.