Wedge Capital Management L L P NC Has $2.08 Million Stock Position in United Natural Foods, Inc. $UNFI

Wedge Capital Management L L P NC lowered its position in United Natural Foods, Inc. (NYSE:UNFI) by 26.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 45,556 shares of the company’s stock after selling 16,683 shares during the period. Wedge Capital Management L L P NC’s holdings in United Natural Foods were worth $2,081,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UNFI. Brighton Jones LLC acquired a new position in United Natural Foods in the fourth quarter valued at about $656,000. AQR Capital Management LLC increased its holdings in shares of United Natural Foods by 52.5% in the first quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock worth $3,064,000 after acquiring an additional 38,504 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of United Natural Foods by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company’s stock worth $962,000 after purchasing an additional 1,703 shares during the period. Millennium Management LLC raised its position in shares of United Natural Foods by 58.1% during the first quarter. Millennium Management LLC now owns 332,973 shares of the company’s stock worth $9,120,000 after purchasing an additional 122,412 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of United Natural Foods by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company’s stock valued at $17,132,000 after purchasing an additional 58,705 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Performance

UNFI opened at $48.38 on Friday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -73.30 and a beta of 0.84. The business’s 50-day moving average price is $48.85 and its two-hundred day moving average price is $46.01. United Natural Foods, Inc. has a 1 year low of $25.97 and a 1 year high of $57.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.51.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.79 billion. United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Equities analysts expect that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal 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 value of $515,600.00. Following the sale, the insider owned 51,119 shares in the company, valued at approximately $2,635,695.64. The trade was a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UNFI shares. Zacks Research lowered United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a report on Monday, July 6th. UBS Group lifted their price target on shares of United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, Wall Street Zen downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.86.

United Natural Foods Company Profile

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.