Louisiana State Employees Retirement System Purchases Shares of 27,000 United Natural Foods, Inc. $UNFI

Louisiana State Employees Retirement System purchased a new position in United Natural Foods, Inc. (NYSE:UNFI) in the 1st quarter, HoldingsChannel reports. The fund purchased 27,000 shares of the company’s stock, valued at approximately $1,217,000.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of United Natural Foods by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,485 shares of the company’s stock valued at $252,000 after acquiring an additional 285 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in United Natural Foods by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,894 shares of the company’s stock worth $468,000 after purchasing an additional 289 shares in the last quarter. Optimize Financial Inc increased its holdings in United Natural Foods by 1.5% during the 4th quarter. Optimize Financial Inc now owns 20,963 shares of the company’s stock worth $706,000 after purchasing an additional 300 shares during the period. Arax Advisory Partners increased its holdings in United Natural Foods by 37.4% during the 4th quarter. Arax Advisory Partners now owns 1,102 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the period. Finally, ProShare Advisors LLC raised its position in United Natural Foods by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 11,662 shares of the company’s stock valued at $393,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UNFI shares. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. Roth Mkm reaffirmed a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. UBS Group lifted their price target on shares of United Natural Foods from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of United Natural Foods from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a research report on Wednesday, April 8th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.38.

Insider Activity at United Natural Foods

In related news, insider Mark Bushway sold 10,000 shares of the 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 transaction, the insider directly owned 51,119 shares of the company’s stock, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Danielle Benedict sold 4,807 shares of United Natural Foods stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total transaction of $249,964.00. Following the sale, the insider owned 98,470 shares in the company, valued at $5,120,440. This represents a 4.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by insiders.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $45.63 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.51 and a current ratio of 1.33. United Natural Foods, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $57.02. The firm has a market capitalization of $2.76 billion, a PE ratio of -69.14 and a beta of 0.83. The stock’s 50-day simple moving average is $50.16 and its 200-day simple moving average is $42.88.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.79 billion. United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.

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.