Amalgamated Bank Trims Position in United Natural Foods, Inc. (NYSE:UNFI)

Amalgamated Bank lowered its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 2.8% in the third quarter, Holdings Channel.com reports. The firm owned 17,677 shares of the company’s stock after selling 514 shares during the period. Amalgamated Bank’s holdings in United Natural Foods were worth $297,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UNFI. Renaissance Technologies LLC boosted its position in shares of United Natural Foods by 86.6% in the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock worth $3,461,000 after acquiring an additional 122,626 shares during the last quarter. Vanguard Group Inc. raised its stake in United Natural Foods by 4.4% during the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after purchasing an additional 321,020 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of United Natural Foods in the 1st quarter valued at $2,317,000. Aristeia Capital L.L.C. purchased a new stake in shares of United Natural Foods during the 2nd quarter valued at $661,000. Finally, SG Americas Securities LLC acquired a new stake in shares of United Natural Foods during the 3rd quarter worth $548,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $21.66 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $23.15. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -11.46 and a beta of 0.62. The business has a 50-day moving average of $19.13 and a 200-day moving average of $15.18.

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

Insider Activity

In other news, insider Danielle Benedict sold 15,152 shares of United Natural Foods stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $19.78, for a total transaction of $299,706.56. Following the sale, the insider now directly owns 100,423 shares of the company’s stock, valued at approximately $1,986,366.94. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.