Insider Selling: United Natural Foods (NYSE:UNFI) Insider Sells $515,600.00 in Stock

United Natural Foods, Inc. (NYSE:UNFI) insider Mark Bushway sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the sale, the insider directly owned 51,119 shares of the company’s stock, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $51.05 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. United Natural Foods, Inc. has a twelve month low of $21.28 and a twelve month high of $57.02. The stock’s 50 day moving average is $50.27 and its 200-day moving average is $42.28. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -77.34 and a beta of 0.81.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The firm had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. United Natural Foods’s revenue for the quarter 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. Sell-side analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and set a $43.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Wells Fargo & Company raised United Natural Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $56.00 in a research report on Thursday, March 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, UBS Group increased their price target on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and a consensus target price of $46.38.

Institutional Trading of United Natural Foods

A number of institutional investors and hedge funds have recently modified their holdings of the business. Groupe la Francaise lifted its holdings in United Natural Foods by 33.3% during the first quarter. Groupe la Francaise now owns 10,000 shares of the company’s stock worth $449,000 after acquiring an additional 2,500 shares during the period. Bank of America Corp DE grew its stake in United Natural Foods by 67.1% in the 1st quarter. Bank of America Corp DE now owns 359,539 shares of the company’s stock valued at $16,201,000 after purchasing an additional 144,322 shares during the period. California State Teachers Retirement System grew its stake in United Natural Foods by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 71,085 shares of the company’s stock valued at $3,203,000 after purchasing an additional 13,669 shares during the period. Empowered Funds LLC increased its position in shares of United Natural Foods by 25.0% during the 1st quarter. Empowered Funds LLC now owns 433,634 shares of the company’s stock valued at $19,540,000 after purchasing an additional 86,605 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of United Natural Foods by 293.0% during the 1st quarter. Quantinno Capital Management LP now owns 64,514 shares of the company’s stock worth $2,907,000 after purchasing an additional 48,099 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

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.