Jupiter Topco LLC bought a new position in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,316 shares of the company’s stock, valued at approximately $1,295,000.
A number of other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of United Natural Foods in the second quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in United Natural Foods during the 4th quarter valued at approximately $26,000. Quarry LP purchased a new position in United Natural Foods in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC lifted its holdings in United Natural Foods by 4,266.7% in the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock worth $30,000 after purchasing an additional 768 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in United Natural Foods in the 4th quarter worth approximately $31,000. 87.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
UNFI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a research note on Monday, July 6th. Roth Capital reissued a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Wall Street Zen cut shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $47.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, UBS Group upped their target price on shares of United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and an average target price of $47.86.
Insider Activity
In other news, insider Mark Bushway sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the transaction, the insider directly owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. The trade was a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
United Natural Foods Price Performance
Shares of UNFI stock opened at $43.74 on Friday. United Natural Foods, Inc. has a twelve month low of $27.97 and a twelve month 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 stock has a fifty day simple moving average of $47.65 and a two-hundred day simple moving average of $46.78. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -66.27 and a beta of 0.80.
United Natural Foods (NYSE:UNFI – Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share 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 business had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.79 billion. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.
United Natural Foods Company Profile
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.
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