Insider Selling: United Natural Foods (NYSE:UNFI) Insider Sells $515,600.00 in Stock

United Natural Foods, Inc. (NYSE:UNFI) insider Mark Bushway sold 10,000 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

United Natural Foods Trading Down 2.3%

Shares of UNFI opened at $49.15 on Friday. The business’s 50-day moving average price is $50.37 and its 200 day moving average price is $42.44. 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 stock has a market capitalization of $2.97 billion, a P/E ratio of -74.47 and a beta of 0.81. United Natural Foods, Inc. has a 1-year low of $22.12 and a 1-year high of $57.02.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The firm had revenue of $7.72 billion for 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 quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Analysts expect that United Natural Foods, Inc. will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

UNFI has been the subject of a number of research analyst reports. UBS Group increased their target price on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Roth Mkm reissued a “neutral” rating and set a $43.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Wall Street Zen downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company raised United Natural Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and an average target price of $46.38.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in UNFI. Dimensional Fund Advisors LP grew its stake in shares of United Natural Foods by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,664,356 shares of the company’s stock valued at $137,824,000 after buying an additional 28,119 shares in the last quarter. American Century Companies Inc. raised its position 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 acquiring an additional 142,485 shares in the last quarter. State Street Corp raised its position in United Natural Foods by 1.0% during the fourth quarter. State Street Corp now owns 2,389,186 shares of the company’s stock valued at $80,444,000 after acquiring an additional 23,967 shares in the last quarter. SG Americas Securities LLC lifted its stake in United Natural Foods by 155.1% in the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after acquiring an additional 1,053,081 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in United Natural Foods by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company’s stock worth $49,456,000 after acquiring an additional 41,674 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

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.