United Natural Foods (NYSE:UNFI) Stock Price Down 2.9%

Shares of United Natural Foods, Inc. (NYSE:UNFI) fell 2.9% on Monday . The company traded as low as $14.86 and last traded at $14.88. 19,333 shares changed hands during trading, a decline of 97% from the average session volume of 650,260 shares. The stock had previously closed at $15.33.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNFI. UBS Group lifted their price target on shares of United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Roth Mkm lifted their price target on shares of United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Finally, StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $13.60.

United Natural Foods Trading Down 2.4 %

The business’s 50-day moving average price is $13.80 and its 200 day moving average price is $12.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. The firm has a market capitalization of $889.67 million, a price-to-earnings ratio of -6.20 and a beta of 0.64.

Institutional Trading of United Natural Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its holdings in United Natural Foods by 12.2% in the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after acquiring an additional 716 shares in the last quarter. Keynote Financial Services LLC raised its holdings in United Natural Foods by 6.6% in the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock valued at $229,000 after acquiring an additional 1,091 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in United Natural Foods by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after acquiring an additional 1,303 shares in the last quarter. Spire Wealth Management raised its holdings in United Natural Foods by 68.2% in the first quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock valued at $37,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in United Natural Foods by 1.4% in the second quarter. Diversified Trust Co now owns 94,859 shares of the company’s stock valued at $1,243,000 after acquiring an additional 1,322 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Company 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.