Edgestream Partners L.P. Reduces Stock Position in United Natural Foods, Inc. $UNFI

Edgestream Partners L.P. decreased its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,895 shares of the company’s stock after selling 24,991 shares during the quarter. Edgestream Partners L.P.’s holdings in United Natural Foods were worth $3,308,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UNFI. American Century Companies Inc. boosted its position in United Natural Foods by 7.0% during the second quarter. American Century Companies Inc. now owns 2,603,588 shares of the company’s stock worth $60,690,000 after purchasing an additional 169,640 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Natural Foods by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,424,195 shares of the company’s stock worth $33,203,000 after buying an additional 27,943 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of United Natural Foods by 4.5% in the 2nd quarter. Prudential Financial Inc. now owns 902,416 shares of the company’s stock worth $21,035,000 after buying an additional 39,142 shares in the last quarter. Nuveen LLC acquired a new stake in United Natural Foods in the 1st quarter valued at about $24,171,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in United Natural Foods by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 677,359 shares of the company’s stock valued at $18,553,000 after acquiring an additional 20,017 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $33.39 on Thursday. The business has a fifty day simple moving average of $38.26 and a 200-day simple moving average of $30.69. United Natural Foods, Inc. has a 52 week low of $20.78 and a 52 week high of $43.29. The company has a market cap of $2.03 billion, a P/E ratio of -17.12 and a beta of 0.82. The company has a quick ratio of 0.51, a current ratio of 1.32 and a debt-to-equity ratio of 1.20.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.17. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.91 billion. United Natural Foods had a positive return on equity of 2.74% and a negative net margin of 0.37%.The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. United Natural Foods has set its FY 2026 guidance at 1.500-2.300 EPS. Equities research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UNFI. Zacks Research downgraded shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company upped their target price on United Natural Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday. Roth Capital raised their price target on United Natural Foods from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Tuesday, October 14th. Finally, UBS Group increased their price objective on United Natural Foods from $29.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.10.

Insider Activity

In related news, insider Danielle Benedict sold 11,655 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $35.31, for a total value of $411,538.05. Following the completion of the sale, the insider directly owned 89,544 shares in the company, valued at approximately $3,161,798.64. The trade was a 11.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.