United Natural Foods, Inc. $UNFI Shares Sold by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd reduced its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,100 shares of the company’s stock after selling 54,500 shares during the period. United Natural Foods comprises approximately 3.8% of Quantedge Capital Pte Ltd’s holdings, making the stock its 6th largest holding. Quantedge Capital Pte Ltd owned about 0.29% of United Natural Foods worth $4,128,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in United Natural Foods by 88.3% during the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock valued at $25,000 after purchasing an additional 505 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of United Natural Foods by 1,672.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 920 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 609 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of United Natural Foods in the second quarter valued at approximately $66,000. Finally, National Bank of Canada FI raised its stake in United Natural Foods by 560.8% during the 1st quarter. National Bank of Canada FI now owns 3,654 shares of the company’s stock valued at $100,000 after acquiring an additional 3,101 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Buying and Selling at United Natural Foods

In related news, insider Danielle Benedict sold 11,655 shares of United Natural Foods stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total value of $411,538.05. Following the transaction, the insider owned 89,544 shares of the company’s stock, valued at approximately $3,161,798.64. This trade represents a 11.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of United Natural Foods from $27.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of United Natural Foods in a report on Tuesday, October 14th. UBS Group boosted their target price on United Natural Foods from $29.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Roth Capital upped their target price 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. Finally, The Goldman Sachs Group lifted their price target on United Natural Foods from $29.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Three research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.10.

United Natural Foods Trading Down 0.5%

United Natural Foods stock opened at $34.48 on Wednesday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -20.77 and a beta of 0.82. United Natural Foods, Inc. has a 1 year low of $20.78 and a 1 year high of $43.29. The firm’s 50 day moving average price is $38.37 and its two-hundred day moving average price is $30.82. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.50 and a current ratio of 1.38.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.17. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.91 billion. United Natural Foods had a positive return on equity of 4.35% and a negative net margin of 0.32%.The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. United Natural Foods has set its FY 2026 guidance at 1.500-2.300 EPS. On average, research analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

United Natural Foods Company 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.