PDT Partners LLC Sells 50,937 Shares of United Natural Foods, Inc. (NYSE:UNFI)

PDT Partners LLC reduced its position in United Natural Foods, Inc. (NYSE:UNFI) by 56.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,372 shares of the company’s stock after selling 50,937 shares during the quarter. PDT Partners LLC owned approximately 0.07% of United Natural Foods worth $662,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of UNFI. Verition Fund Management LLC boosted its position in United Natural Foods by 92.8% during the third quarter. Verition Fund Management LLC now owns 37,209 shares of the company’s stock valued at $626,000 after acquiring an additional 17,914 shares during the last quarter. Corsair Capital Management L.P. acquired a new position in shares of United Natural Foods in the 3rd quarter valued at about $336,000. BNP Paribas Financial Markets boosted its position in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock valued at $1,820,000 after purchasing an additional 84,257 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in United Natural Foods during the third quarter worth approximately $239,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in United Natural Foods in the third quarter worth approximately $595,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the sale, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

United Natural Foods Stock Performance

UNFI opened at $25.27 on Tuesday. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $25.35. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -13.37 and a beta of 0.62. The company’s fifty day moving average price is $20.82 and its two-hundred day moving average price is $16.16. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the prior year, the business posted ($0.25) EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that United Natural Foods, Inc. will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UNFI has been the topic of a number of research analyst reports. UBS Group increased their price target on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, BMO Capital Markets upped their price objective on shares of United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, United Natural Foods currently has an average rating of “Hold” and an average target price of $18.40.

About United Natural Foods

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.