California State Teachers Retirement System Reduces Stake in United Natural Foods, Inc. (UNFI)

California State Teachers Retirement System reduced its position in United Natural Foods, Inc. (NASDAQ:UNFI) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,852 shares of the company’s stock after selling 7,892 shares during the period. California State Teachers Retirement System owned approximately 0.18% of United Natural Foods worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after buying an additional 1,162 shares during the last quarter. LS Investment Advisors LLC lifted its position in United Natural Foods by 20.5% during the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after purchasing an additional 711 shares in the last quarter. Riverhead Capital Management LLC lifted its position in United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after purchasing an additional 2,095 shares in the last quarter. Flinton Capital Management LLC lifted its position in United Natural Foods by 76.9% during the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in United Natural Foods during the second quarter valued at $201,000.

Several research firms recently weighed in on UNFI. TheStreet downgraded United Natural Foods from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Royal Bank Of Canada downgraded United Natural Foods from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $36.00 to $34.00 in a research report on Tuesday, October 17th. Susquehanna Bancshares Inc began coverage on United Natural Foods in a research report on Monday, October 16th. They set a “neutral” rating and a $43.00 target price on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of United Natural Foods in a research report on Monday, October 16th. Finally, Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.33.

In other news, Director James P. Heffernan sold 2,660 shares of United Natural Foods stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total value of $117,784.80. Following the sale, the director now directly owns 29,724 shares of the company’s stock, valued at $1,316,178.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bates Ann Torre sold 7,190 shares of United Natural Foods stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The disclosure for this sale can be found here. Insiders sold 61,498 shares of company stock worth $2,659,539 over the last ninety days. Insiders own 1.30% of the company’s stock.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at $38.93 on Wednesday. United Natural Foods, Inc. has a twelve month low of $29.53 and a twelve month high of $49.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90. The stock has a market capitalization of $1,995.05, a PE ratio of 15.28, a PEG ratio of 2.88 and a beta of 1.38.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. research analysts anticipate that United Natural Foods, Inc. will post 2.71 EPS for the current fiscal year.

United Natural Foods announced that its Board of Directors has initiated a stock buyback program on Friday, October 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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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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