United Natural Foods, Inc. $UNFI Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 69.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,550 shares of the company’s stock after selling 86,000 shares during the period. Renaissance Technologies LLC’s holdings in United Natural Foods were worth $1,737,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caxton Associates LLP lifted its position in shares of United Natural Foods by 1.1% during the 1st quarter. Caxton Associates LLP now owns 48,687 shares of the company’s stock valued at $2,194,000 after acquiring an additional 532 shares during the last quarter. Inceptionr LLC acquired a new position in shares of United Natural Foods in the 1st quarter worth $266,000. Sei Investments Co. grew its holdings in shares of United Natural Foods by 89.3% in the 1st quarter. Sei Investments Co. now owns 177,979 shares of the company’s stock worth $8,021,000 after acquiring an additional 83,956 shares during the last quarter. State of Wyoming raised its position in shares of United Natural Foods by 111.8% during the first quarter. State of Wyoming now owns 7,599 shares of the company’s stock worth $342,000 after purchasing an additional 4,012 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of United Natural Foods by 41.0% during the first quarter. Cetera Investment Advisers now owns 19,206 shares of the company’s stock worth $865,000 after purchasing an additional 5,586 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UNFI shares. Wall Street Zen lowered United Natural Foods from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group boosted their price objective on United Natural Foods from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. Roth Capital reiterated a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $56.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and an average price target of $47.86.

United Natural Foods Stock Performance

Shares of UNFI stock opened at $47.43 on Wednesday. United Natural Foods, Inc. has a 1-year low of $25.15 and a 1-year high of $57.02. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -71.86 and a beta of 0.84. The stock’s fifty day simple moving average is $49.17 and its 200-day simple moving average is $45.80.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, sell-side analysts predict that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In other news, insider Mark Bushway sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total value of $515,600.00. Following the transaction, the insider owned 51,119 shares in the company, valued at $2,635,695.64. This represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.

About United Natural Foods

United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.