OP Asset Management Ltd Invests $5.45 Million in United Natural Foods, Inc. $UNFI

OP Asset Management Ltd acquired a new position in United Natural Foods, Inc. (NYSE:UNFI) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 120,999 shares of the company’s stock, valued at approximately $5,452,000.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in United Natural Foods during the 4th quarter valued at about $26,000. Quarry LP acquired a new stake in shares of United Natural Foods in the third quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in shares of United Natural Foods by 4,266.7% in the third quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 768 shares during the period. International Assets Investment Management LLC bought a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of United Natural Foods by 84.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after buying an additional 609 shares during the period. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Down 2.3%

United Natural Foods stock opened at $49.15 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.51 and a current ratio of 1.33. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -74.47 and a beta of 0.81. United Natural Foods, Inc. has a 1 year low of $22.12 and a 1 year high of $57.02. The firm’s 50 day moving average price is $50.37 and its two-hundred day moving average price is $42.44.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The company had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same period in the prior year, the company posted $0.44 EPS. United Natural Foods’s quarterly revenue was down 4.2% on a year-over-year basis. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, research analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UNFI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Wednesday, April 8th. UBS Group lifted their target price on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price target on United Natural Foods from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Wall Street Zen lowered United Natural Foods from a “buy” rating to a “hold” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.38.

Insiders Place Their Bets

In other news, insider Danielle Benedict sold 4,807 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total transaction of $249,964.00. Following the completion of the sale, the insider directly owned 98,470 shares of the company’s stock, valued at $5,120,440. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Bushway sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the transaction, the insider owned 51,119 shares of the company’s stock, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is 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.