VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.90 Million in United Natural Foods, Inc. $UNFI

Key Points

• Virginia Retirement Systems acquired 41,700 shares of United Natural Foods worth approximately $1.90 million, representing about 0.07% of the company. Institutional investors collectively own 87.63% of UNFI.
• United Natural Foods reported quarterly EPS of $0.69, beating estimates of $0.62, while revenue totaled $7.64 billion and declined 0.7% year over year.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $50.29; UNFI recently traded at $44.47.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 41,700 shares of the company's stock, valued at approximately $1,904,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of United Natural Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in United Natural Foods in the 2nd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new position in shares of United Natural Foods during the 4th quarter worth approximately $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 lifted its position 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 worth $30,000 after purchasing an additional 768 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of United Natural Foods in the fourth quarter worth $31,000. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of UNFI stock opened at $44.47 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 33.19 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 0.51. The company has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $46.95. United Natural Foods, Inc. has a one year low of $27.97 and a one year high of $57.02.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.71 billion. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. United Natural Foods's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. As a group, equities analysts predict that United Natural Foods, Inc. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of the business'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 transaction of $515,600.00. Following the transaction, the insider owned 51,119 shares of the company's stock, valued at $2,635,695.64. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UNFI shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of United Natural Foods in a research report on Monday, July 6th. BMO Capital Markets restated an "outperform" rating and set a $61.00 price objective on shares of United Natural Foods in a research note on Wednesday. Roth Capital reaffirmed a "neutral" rating and issued a $45.00 target price (up from $43.00) on shares of United Natural Foods in a research report on Thursday. Wall Street Zen downgraded United Natural Foods from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Finally, UBS Group increased their price target on United Natural Foods from $47.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, United Natural Foods currently has a consensus rating of "Hold" and a consensus price target of $50.29.

United Natural Foods Profile

United Natural Foods, Inc NYSE: UNFI is a distributor of natural, organic, specialty, fresh and conventional food products in the United States and Canada. The company supplies grocery retailers, independent stores, supermarkets, e-commerce businesses, foodservice operators and other customers with a broad range of products.

UNFI's offerings include produce, perishables, center-store groceries, refrigerated and frozen foods, beverages, supplements, personal-care products and household items.

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