VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in United Natural Foods, Inc. (NYSE:UNFI – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,100 shares of the company’s stock, valued at approximately $643,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of UNFI. Brighton Jones LLC acquired a new position in shares of United Natural Foods during the fourth quarter worth about $656,000. Amundi raised its position in United Natural Foods by 12.4% in the 1st quarter. Amundi now owns 70,640 shares of the company’s stock valued at $1,856,000 after buying an additional 7,810 shares during the last quarter. AQR Capital Management LLC lifted its stake in United Natural Foods by 52.5% in the 1st quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock valued at $3,064,000 after acquiring an additional 38,504 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in United Natural Foods by 1,643.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 157,344 shares of the company’s stock valued at $4,310,000 after acquiring an additional 148,318 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in United Natural Foods by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company’s stock worth $962,000 after acquiring an additional 1,703 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.
Wall Street Analyst Weigh In
UNFI has been the topic of a number of recent research reports. Zacks Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. The Goldman Sachs Group lifted their price target on shares of United Natural Foods from $29.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Jefferies Financial Group increased their price objective on shares of United Natural Foods from $27.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Wells Fargo & Company lowered their target price on United Natural Foods from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of United Natural Foods in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and a consensus target price of $37.00.
United Natural Foods Stock Down 0.6%
Shares of UNFI stock opened at $33.47 on Monday. United Natural Foods, Inc. has a 52-week low of $20.78 and a 52-week high of $43.29. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -20.16 and a beta of 0.86. The firm’s 50-day moving average is $35.51 and its 200-day moving average is $31.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.50 and a current ratio of 1.38.
United Natural Foods (NYSE:UNFI – Get Free Report) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.17. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.91 billion. United Natural Foods had a positive return on equity of 4.35% and a negative net margin of 0.32%.United Natural Foods’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. United Natural Foods has set its FY 2026 guidance at 1.500-2.300 EPS. Sell-side analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current year.
Insider Buying and Selling
In other United Natural Foods news, insider Louis Anthony Martin sold 9,439 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $34.67, for a total value of $327,250.13. Following the transaction, the insider directly owned 81,234 shares in the company, valued at $2,816,382.78. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard Eric Esper sold 4,261 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $33.08, for a total transaction of $140,953.88. Following the completion of the transaction, the chief accounting officer directly owned 37,369 shares in the company, valued at $1,236,166.52. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is currently owned by insiders.
United Natural Foods 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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