Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 183,272 United Natural Foods, Inc. $UNFI

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 183,272 shares of the company's stock, valued at approximately $8,370,000. Connor Clark & Lunn Investment Management Ltd. owned 0.30% of United Natural Foods at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of United Natural Foods in the fourth quarter valued at about $656,000. Intech Investment Management LLC increased its position in United Natural Foods by 312.3% during the fourth quarter. Intech Investment Management LLC now owns 159,123 shares of the company's stock worth $5,358,000 after acquiring an additional 120,525 shares during the period. Louisiana State Employees Retirement System acquired a new stake in United Natural Foods in the 1st quarter worth about $1,217,000. BlackRock Inc. acquired a new stake in United Natural Foods in the 2nd quarter worth about $477,650,000. Finally, JCP Investment Management LLC boosted its holdings in United Natural Foods by 6.7% in the 1st quarter. JCP Investment Management LLC now owns 494,371 shares of the company's stock valued at $22,276,000 after purchasing an additional 31,071 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on UNFI shares. Roth Capital reaffirmed a "neutral" rating and set a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. UBS Group boosted their price target 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. Weiss Ratings reissued a "sell (d-)" rating on shares of United Natural Foods in a research report on Monday, July 6th. The Goldman Sachs Group restated a "neutral" rating and set a $47.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Zacks Research cut United Natural Foods from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Two investment 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.com, the company has a consensus rating of "Hold" and a consensus target price of $47.86.

Insider Transactions at United Natural Foods

In related news, insider Mark Bushway sold 10,000 shares of the stock in a transaction that occurred 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 represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

United Natural Foods Stock Performance

NYSE UNFI opened at $47.76 on Thursday. 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 firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -72.36 and a beta of 0.84. The firm's 50 day simple moving average is $48.50 and its 200 day simple moving average is $46.59. United Natural Foods, Inc. has a 1 year low of $27.21 and a 1 year high of $57.02.

United Natural Foods (NYSE:UNFI - Get Free Report) 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). The business had revenue of $7.72 billion for 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%.United Natural Foods's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, research analysts expect that United Natural Foods, Inc. will post 2.52 earnings per share 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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