Key Points
- Insider sale: United Natural Foods insider Danielle Benedict sold 4,807 shares on May 6 at an average price of $52.00, totaling about $249,964. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- Quarterly results topped EPS expectations: UNFI reported earnings of $0.62 per share for the quarter, beating analyst estimates of $0.51. Revenue came in at $7.95 billion, below the $8.11 billion consensus and down 2.6% year over year.
- Wall Street remains mixed: Analysts currently have a consensus rating of Hold on UNFI, with a consensus target price of $43.63. Recent actions included a Wells Fargo upgrade to overweight and a Wall Street Zen downgrade to hold.
United Natural Foods, Inc. (NYSE:UNFI - Get Free Report) insider Danielle Benedict sold 4,807 shares of the business's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total value of $249,964.00. Following the completion of the sale, the insider directly owned 98,470 shares of the company's stock, valued at $5,120,440. This represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
United Natural Foods Stock Performance
UNFI opened at $52.23 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.52 and a current ratio of 1.33. The company has a market cap of $3.17 billion, a PE ratio of -40.18 and a beta of 0.82. The stock has a 50-day moving average of $43.97 and a 200-day moving average of $39.04. United Natural Foods, Inc. has a 52-week low of $20.78 and a 52-week high of $52.68.
United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.11. United Natural Foods had a positive return on equity of 6.05% and a negative net margin of 0.25%.The business had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the business earned $0.22 EPS. The firm's revenue was down 2.6% compared to the same quarter last year. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On United Natural Foods
Several hedge funds have recently modified their holdings of UNFI. Cullen Frost Bankers Inc. acquired a new stake in shares of United Natural Foods in the fourth quarter worth $26,000. Quarry LP acquired a new position in United Natural Foods during the 3rd quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in United Natural Foods by 4,266.7% in the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company's stock valued at $30,000 after purchasing an additional 768 shares during the period. International Assets Investment Management LLC acquired a new stake in United Natural Foods in the 4th quarter worth $31,000. Finally, EverSource Wealth Advisors LLC grew its position in United Natural Foods by 84.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company's stock worth $31,000 after purchasing an additional 609 shares during the last quarter. 87.63% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on UNFI. Wall Street Zen cut shares of United Natural Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 4th. BMO Capital Markets lifted their target price on shares of United Natural Foods from $48.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of United Natural Foods in a research report on Wednesday, April 8th. Wells Fargo & Company upgraded shares of United Natural Foods from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $40.00 to $56.00 in a report on Thursday, March 26th. Finally, UBS Group raised their price target on United Natural Foods from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.63.
Get Our Latest Analysis on UNFI
About United Natural Foods
(
Get 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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