Hennessy Advisors Inc. Buys Shares of 185,483 United Natural Foods, Inc. $UNFI

Hennessy Advisors Inc. purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 185,483 shares of the company’s stock, valued at approximately $8,471,000.

A number of other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in shares of United Natural Foods during the 4th quarter worth $26,000. Global Retirement Partners LLC bought a new position in United Natural Foods in the second quarter valued at about $26,000. Quarry LP acquired a new position in United Natural Foods during the third quarter worth about $29,000. Larson Financial Group LLC raised its stake in United Natural Foods by 4,266.7% during the third quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock worth $30,000 after acquiring an additional 768 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of United Natural Foods in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Buying and Selling

In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UNFI. UBS Group raised 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of United Natural Foods in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Wall Street Zen downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.86.

United Natural Foods Stock Down 2.7%

Shares of NYSE UNFI opened at $45.99 on Friday. The company has a 50 day simple moving average of $48.31 and a 200 day simple moving average of $46.63. 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, Inc. has a 1 year low of $27.63 and a 1 year high of $57.02. The firm has a market cap of $2.78 billion, a PE ratio of -69.68 and a beta of 0.84.

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 the consensus estimate 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 company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current year.

United Natural Foods 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.