Prentice Capital Management LP Decreases Position in United Natural Foods, Inc. (NYSE:UNFI)

Prentice Capital Management LP trimmed its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 62.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,832 shares of the company’s stock after selling 58,888 shares during the quarter. United Natural Foods accounts for approximately 1.7% of Prentice Capital Management LP’s investment portfolio, making the stock its 10th largest holding. Prentice Capital Management LP’s holdings in United Natural Foods were worth $979,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new position in United Natural Foods in the fourth quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd bought a new position in United Natural Foods in the fourth quarter valued at $37,000. Aquatic Capital Management LLC acquired a new stake in United Natural Foods in the fourth quarter valued at $47,000. Sterling Capital Management LLC lifted its stake in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock valued at $51,000 after acquiring an additional 1,672 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of United Natural Foods by 186.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock worth $65,000 after buying an additional 1,557 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $28.54 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a twelve month low of $10.23 and a twelve month high of $34.76. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -18.18 and a beta of 1.08. The company has a 50-day simple moving average of $26.08 and a two-hundred day simple moving average of $26.70.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. CL King upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, United Natural Foods has an average rating of “Hold” and a consensus price target of $27.50.

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.