Hennessy Advisors Inc. Sells 16,600 Shares of United Natural Foods, Inc. $UNFI

Hennessy Advisors Inc. lessened its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 168,883 shares of the company’s stock after selling 16,600 shares during the period. Hennessy Advisors Inc.’s holdings in United Natural Foods were worth $7,564,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Vise Technologies Inc. lifted its stake in United Natural Foods by 79.9% in the third quarter. Vise Technologies Inc. now owns 10,353 shares of the company’s stock worth $464,000 after acquiring an additional 4,599 shares during the period. State of Wyoming increased its position in United Natural Foods by 113.1% during the 3rd quarter. State of Wyoming now owns 9,058 shares of the company’s stock valued at $406,000 after purchasing an additional 4,807 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of United Natural Foods by 12.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,805 shares of the company’s stock valued at $126,000 after purchasing an additional 319 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of United Natural Foods by 10.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 39,609 shares of the company’s stock valued at $1,774,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Elevated Financial Group LLC raised its holdings in shares of United Natural Foods by 11.7% in the 3rd quarter. Elevated Financial Group LLC now owns 16,514 shares of the company’s stock valued at $740,000 after purchasing an additional 1,735 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UNFI shares. Zacks Research lowered United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Roth Capital reiterated a “neutral” rating and issued a $45.00 target price (up from $43.00) on shares of United Natural Foods in a research note on Thursday, September 10th. UBS Group lifted their target price on United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of United Natural Foods in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, United Natural Foods currently has an average rating of “Hold” and an average price target of $52.00.

United Natural Foods Stock Performance

Shares of NYSE UNFI opened at $45.93 on Monday. The company has a 50 day simple moving average of $45.83 and a two-hundred day simple moving average of $45.52. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 34.28 and a beta of 0.97. The company has a current ratio of 1.29, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. United Natural Foods, Inc. has a 12 month low of $30.91 and a 12 month high of $57.02.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, September 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. United Natural Foods had a return on equity of 10.51% and a net margin of 0.27%. The firm had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.71 billion. During the same period last year, the company earned ($0.11) earnings per share. United Natural Foods’s revenue for the quarter was down .7% compared to the same quarter last year. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. As a group, analysts predict that United Natural Foods, Inc. will post 3.30 earnings per share for the current year.

United Natural Foods Company Profile

United Natural Foods, Inc (NYSE:UNFI) is a major grocery wholesaler and distributor serving food retailers and other customers across the United States and Canada. The company supplies natural, organic, specialty, fresh, and conventional grocery products to supermarkets, independent retailers, food cooperatives, and other businesses.

UNFI’s product offerings include fresh produce, dairy, meat and seafood, grocery and packaged foods, beverages, supplements, and personal-care products. In addition to distributing products from numerous manufacturers and brands, the company offers private-label products and provides services such as merchandising, marketing, category management, professional support, and supply-chain solutions.

Founded in 1976, UNFI expanded significantly through acquisitions, including its 2018 acquisition of Supervalu, which strengthened its conventional grocery distribution operations and customer network.