Bank of America Corp DE boosted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 67.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 359,539 shares of the company's stock after purchasing an additional 144,322 shares during the quarter. Bank of America Corp DE owned approximately 0.59% of United Natural Foods worth $16,201,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in UNFI. State Street Corp grew its position in shares of United Natural Foods by 1.0% in the 4th quarter. State Street Corp now owns 2,389,186 shares of the company's stock worth $80,444,000 after acquiring an additional 23,967 shares in the last quarter. SG Americas Securities LLC increased its stake in United Natural Foods by 155.1% during the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company's stock valued at $78,047,000 after purchasing an additional 1,053,081 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of United Natural Foods by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company's stock worth $49,456,000 after purchasing an additional 41,674 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of United Natural Foods by 40.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company's stock worth $48,922,000 after purchasing an additional 374,487 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of United Natural Foods by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,119,773 shares of the company's stock worth $37,703,000 after buying an additional 117,717 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on UNFI. Roth Capital reaffirmed a "neutral" rating and issued a $43.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of United Natural Foods in a report on Monday, July 6th. 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. Wall Street Zen lowered United Natural Foods from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $56.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Natural Foods has an average rating of "Hold" and an average price target of $47.86.
Get Our Latest Report on United Natural Foods
United Natural Foods Price Performance
NYSE UNFI opened at $46.85 on Friday. The company has a 50-day moving average price of $48.66 and a two-hundred day moving average price of $46.34. United Natural Foods, Inc. has a 52 week low of $26.44 and a 52 week high of $57.02. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -70.98 and a beta of 0.84. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.79 billion. United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current year.
Insiders Place Their Bets
In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the sale, the insider directly owned 51,119 shares in the company, valued at $2,635,695.64. This represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.
About United Natural Foods
(
Free Report)
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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