Evolve Private Wealth LLC Invests $727,000 in United Natural Foods, Inc. $UNFI

Evolve Private Wealth LLC purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 15,926 shares of the company’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNFI. Global Retirement Partners LLC acquired a new position in United Natural Foods in the 2nd quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of United Natural Foods during the fourth quarter valued at about $26,000. Quarry LP acquired a new stake in shares of United Natural Foods during the third quarter valued at about $29,000. Larson Financial Group LLC increased its position in shares of 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 during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of United Natural Foods during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Insider Activity

In related news, insider Mark Bushway sold 10,000 shares of the firm’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 of the company’s stock, valued at approximately $2,635,695.64. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on UNFI shares. Wall Street Zen cut United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Roth Capital restated a “neutral” rating and set a $43.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. UBS Group upped their target price on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. BMO Capital Markets reiterated 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, The Goldman Sachs Group reissued a “neutral” rating and set a $47.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Two 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 presently has an average rating of “Hold” and a consensus target price of $47.86.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $48.46 on Tuesday. 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 fifty-two week low of $26.95 and a fifty-two week high of $57.02. The firm has a 50-day simple moving average of $48.57 and a 200 day simple moving average of $46.47. The company has a market cap of $2.93 billion, a PE ratio of -73.42 and a beta of 0.84.

United Natural Foods (NYSE:UNFI) last issued its 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). United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same period in the prior year, the business earned $0.44 EPS. The business’s revenue was down 4.2% on a year-over-year basis. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, sell-side analysts anticipate that United Natural Foods, Inc. will post 2.52 EPS for the current year.

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.