United Natural Foods, Inc. $UNFI Stock: Hennessy Advisors Inc. Decreases Position

Hennessy Advisors Inc. decreased its position in United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 168,883 shares of the company’s stock after selling 16,600 shares during the period. Hennessy Advisors Inc. owned about 0.28% of United Natural Foods worth $7,564,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of United Natural Foods by 3.0% during the second quarter. HighTower Advisors LLC now owns 7,726 shares of the company’s stock worth $353,000 after purchasing an additional 222 shares during the period. Revisor Wealth Management LLC raised its position in United Natural Foods by 4.7% during the 1st quarter. Revisor Wealth Management LLC now owns 6,188 shares of the company’s stock valued at $279,000 after purchasing an additional 278 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in United Natural Foods by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,774 shares of the company’s stock worth $350,000 after buying an additional 289 shares during the period. Corient Private Wealth LP lifted its holdings in United Natural Foods by 0.6% in the 2nd quarter. Corient Private Wealth LP now owns 51,301 shares of the company’s stock worth $2,343,000 after buying an additional 318 shares during the period. Finally, Nisa Investment Advisors LLC grew its position 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 worth $126,000 after buying an additional 319 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group boosted their price target on shares of United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Roth Capital reaffirmed a “neutral” rating and set a $45.00 price objective (up from $43.00) on shares of United Natural Foods in a research report on Thursday, September 10th. Wall Street Zen upgraded United Natural Foods from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Deutsche Bank Aktiengesellschaft increased their target price on United Natural Foods from $46.00 to $53.00 and gave the stock a “hold” rating in a research report on Friday, September 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $61.00 target price on shares of United Natural Foods in a research note on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.00.

Get Our Latest Stock Report on United Natural Foods

United Natural Foods Stock Up 0.1%

UNFI stock opened at $45.93 on Monday. The company 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 debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 1.29. The business’s 50-day moving average is $45.83 and its two-hundred day moving average is $45.52. United Natural Foods, Inc. has a fifty-two week low of $30.91 and a fifty-two week high of $57.02.

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

About United Natural Foods

(Free Report)

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.

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Institutional Ownership by Quarter for United Natural Foods (NYSE:UNFI)

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