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

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) insider Mark Bushway sold 10,000 shares of the business’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 sale, the insider owned 51,119 shares in the company, valued at approximately $2,635,695.64. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

United Natural Foods Stock Down 0.8%

Shares of NYSE UNFI opened at $51.05 on Thursday. The company has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $42.28. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.51. United Natural Foods, Inc. has a 1 year low of $21.28 and a 1 year high of $57.02. The firm has a market cap of $3.09 billion, a PE ratio of -77.34 and a beta of 0.81.

United Natural Foods (NYSE:UNFIGet Free Report) last posted its earnings results 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). The business had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.79 billion. United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current year.

Hedge Funds Weigh In On United Natural Foods

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of United Natural Foods during the fourth quarter valued at about $656,000. SG Americas Securities LLC boosted its position in shares of United Natural Foods by 12,660.4% during the 4th quarter. SG Americas Securities LLC now owns 678,979 shares of the company’s stock worth $22,861,000 after purchasing an additional 673,658 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in shares of United Natural Foods by 26.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 126,000 shares of the company’s stock valued at $4,740,000 after buying an additional 26,000 shares during the period. American Century Companies Inc. grew its stake in shares of United Natural Foods by 5.5% in the 3rd quarter. American Century Companies Inc. now owns 2,746,073 shares of the company’s stock valued at $103,307,000 after buying an additional 142,485 shares during the period. Finally, Intech Investment Management LLC increased its position in United Natural Foods by 312.3% in the 4th quarter. Intech Investment Management LLC now owns 159,123 shares of the company’s stock valued at $5,358,000 after buying an additional 120,525 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on UNFI. Wells Fargo & Company upgraded United Natural Foods from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $56.00 in a research report on Thursday, March 26th. BMO Capital Markets restated an “outperform” rating and set a $56.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Roth Mkm reiterated a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. UBS Group increased 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. Finally, Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.38.

Check Out Our Latest Stock Report on United Natural Foods

About United Natural Foods

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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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