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

Wedge Capital Management L L P NC reduced its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 26.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,556 shares of the company’s stock after selling 16,683 shares during the quarter. Wedge Capital Management L L P NC owned about 0.08% of United Natural Foods worth $2,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UNFI. Brighton Jones LLC acquired a new stake in shares of United Natural Foods in the 4th quarter valued at $656,000. Intech Investment Management LLC lifted its stake in shares of United Natural Foods by 312.3% during the fourth quarter. Intech Investment Management LLC now owns 159,123 shares of the company’s stock valued at $5,358,000 after acquiring an additional 120,525 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of United Natural Foods during the first quarter valued at $1,217,000. JCP Investment Management LLC boosted its holdings in United Natural Foods by 6.7% in the first quarter. JCP Investment Management LLC now owns 494,371 shares of the company’s stock valued at $22,276,000 after acquiring an additional 31,071 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in United Natural Foods by 293.0% in the first quarter. Quantinno Capital Management LP now owns 64,514 shares of the company’s stock valued at $2,907,000 after acquiring an additional 48,099 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Activity at United Natural Foods

In related news, insider Mark Bushway sold 10,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 51,119 shares in the company, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

United Natural Foods Stock Down 0.4%

Shares of United Natural Foods stock opened at $48.38 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. United Natural Foods, Inc. has a 12 month low of $25.97 and a 12 month high of $57.02. The business has a fifty day simple moving average of $48.85 and a 200 day simple moving average of $46.01. The stock has a market cap of $2.93 billion, a PE ratio of -73.30 and a beta of 0.84.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The company had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Research analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UNFI. Zacks Research lowered United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. BMO Capital Markets restated an “outperform” rating and set a $56.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. Roth Capital reiterated a “neutral” rating and set a $43.00 price target on shares of United Natural Foods in a research 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 note on Sunday, July 12th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.86.

About United Natural Foods

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.