Intech Investment Management LLC boosted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 312.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 159,123 shares of the company’s stock after purchasing an additional 120,525 shares during the period. Intech Investment Management LLC’s holdings in United Natural Foods were worth $5,358,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of United Natural Foods during the 4th quarter valued at about $656,000. Allianz Asset Management GmbH grew its position in shares of United Natural Foods by 259.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 226,706 shares of the company’s stock valued at $8,529,000 after acquiring an additional 163,622 shares during the period. Mutual Advisors LLC acquired a new stake in shares of United Natural Foods during the 3rd quarter valued at about $1,387,000. SG Americas Securities LLC grew 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 valued at $22,861,000 after acquiring an additional 673,658 shares during the period. Finally, Towle & Co. acquired a new stake in shares of United Natural Foods during the 3rd quarter valued at about $13,724,000. 87.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on UNFI. Deutsche Bank Aktiengesellschaft raised their target price on United Natural Foods from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen cut United Natural Foods from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a research report on Wednesday, April 8th. Zacks Research cut United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets raised their target price on United Natural Foods from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Three equities 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 data from MarketBeat, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $43.63.
Insiders Place Their Bets
In related news, insider Danielle Benedict sold 4,807 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $52.00, for a total value of $249,964.00. Following the transaction, the insider directly owned 98,470 shares of the company’s stock, valued at approximately $5,120,440. This trade represents a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.40% of the company’s stock.
United Natural Foods Trading Up 0.0%
Shares of United Natural Foods stock opened at $51.35 on Monday. The firm has a market capitalization of $3.12 billion, a PE ratio of -39.50 and a beta of 0.81. United Natural Foods, Inc. has a twelve month low of $20.78 and a twelve month high of $53.18. The firm’s 50-day moving average price is $47.77 and its 200 day moving average price is $40.42. The company has a current ratio of 1.33, a quick ratio of 0.52 and a debt-to-equity ratio of 1.11.
United Natural Foods (NYSE:UNFI – Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.11 billion. United Natural Foods had a negative net margin of 0.25% and a positive return on equity of 6.05%. United Natural Foods’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. On average, sell-side analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.
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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