Mark Bushway Sells 10,000 Shares of United Natural Foods (NYSE:UNFI) Stock

United Natural Foods, Inc. (NYSE:UNFI) insider Mark Bushway sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total transaction of $515,600.00. Following the completion of the transaction, the insider directly owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. This represents a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

United Natural Foods Trading Down 2.3%

Shares of United Natural Foods stock opened at $49.15 on Friday. The stock has a market cap of $2.97 billion, a PE ratio of -74.47 and a beta of 0.81. The firm has a fifty day moving average price of $50.37 and a 200 day moving average price of $42.44. United Natural Foods, Inc. has a 1 year low of $22.12 and a 1 year high of $57.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.51.

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

Hedge Funds Weigh In On United Natural Foods

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in United Natural Foods in the 4th quarter worth $656,000. SG Americas Securities LLC raised its position in United Natural Foods by 12,660.4% during the fourth quarter. SG Americas Securities LLC now owns 678,979 shares of the company’s stock worth $22,861,000 after acquiring an additional 673,658 shares during the period. Quinn Opportunity Partners LLC lifted its holdings in United Natural Foods by 26.0% during the third quarter. Quinn Opportunity Partners LLC now owns 126,000 shares of the company’s stock valued at $4,740,000 after purchasing an additional 26,000 shares in the last quarter. American Century Companies Inc. lifted its holdings in United Natural Foods by 5.5% during the third quarter. American Century Companies Inc. now owns 2,746,073 shares of the company’s stock valued at $103,307,000 after purchasing an additional 142,485 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of United Natural Foods by 312.3% in the fourth quarter. Intech Investment Management LLC now owns 159,123 shares of the company’s stock valued at $5,358,000 after purchasing an additional 120,525 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UNFI. Deutsche Bank Aktiengesellschaft lifted their price target 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. Wells Fargo & Company raised shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $56.00 in a research note on Thursday, March 26th. Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, United Natural Foods has a consensus rating of “Hold” and a consensus price target of $46.38.

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.