United Natural Foods (NYSE:UNFI) Stock Price Down 6.5% – Here’s Why

United Natural Foods, Inc. (NYSE:UNFI)’s share price was down 6.5% during trading on Monday . The company traded as low as $46.20 and last traded at $45.9480. 531,777 shares were traded during trading, a decline of 28% from the average session volume of 739,230 shares. The stock had previously closed at $49.13.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UNFI shares. Roth Mkm reiterated a “neutral” rating and set a $43.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. Wells Fargo & Company raised United Natural Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of United Natural Foods from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a research report on Wednesday, April 8th. Three 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. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and an average target price of $46.38.

United Natural Foods Stock Performance

The company has a 50 day moving average price of $50.37 and a 200-day moving average price of $42.50. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.79 billion, a P/E ratio of -69.76 and a beta of 0.81.

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

Insider Buying and Selling

In related news, insider Mark Bushway sold 10,000 shares of United Natural Foods stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total transaction of $515,600.00. Following the sale, the insider directly owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. The trade was a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Danielle Benedict sold 4,807 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 98,470 shares of the company’s stock, valued at approximately $5,120,440. This represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake in shares of United Natural Foods by 155.1% in the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after acquiring an additional 1,053,081 shares during the last quarter. Victory Capital Management Inc. increased its holdings in United Natural Foods by 721.3% in the 3rd quarter. Victory Capital Management Inc. now owns 615,889 shares of the company’s stock worth $23,170,000 after purchasing an additional 540,897 shares in the last quarter. Trexquant Investment LP bought a new position in United Natural Foods in the fourth quarter valued at about $12,885,000. Arrowstreet Capital Limited Partnership raised its position in United Natural Foods by 40.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock valued at $48,922,000 after purchasing an additional 374,487 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of United Natural Foods by 912.4% during the fourth quarter. Millennium Management LLC now owns 398,946 shares of the company’s stock valued at $13,433,000 after purchasing an additional 359,541 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

About United Natural Foods

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.