United Natural Foods (NYSE:UNFI) Stock Price Down 6.5% – Should You Sell?

United Natural Foods, Inc. (NYSE:UNFI)’s stock price dropped 6.5% on Monday . The stock traded as low as $46.20 and last traded at $45.9480. 531,777 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 739,230 shares. The stock had previously closed at $49.13.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNFI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a research note on Wednesday, April 8th. Roth Mkm restated a “neutral” rating and set a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, Wells Fargo & Company upgraded United Natural Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $56.00 in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.38.

United Natural Foods Stock Up 2.1%

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.51. The company has a market capitalization of $2.82 billion, a PE ratio of -70.65 and a beta of 0.81. The business’s 50 day simple moving average is $50.28 and its 200 day simple moving average is $42.68.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, analysts anticipate that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, 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 value of $249,964.00. Following the sale, the insider owned 98,470 shares in the company, valued at $5,120,440. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Bushway sold 10,000 shares of the stock in a transaction 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 transaction, the insider owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. This represents a 16.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.40% of the stock is owned by company insiders.

Institutional Trading of United Natural Foods

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of United Natural Foods by 155.1% in the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after purchasing an additional 1,053,081 shares in the last quarter. Victory Capital Management Inc. boosted its position in United Natural Foods by 721.3% in the 3rd quarter. Victory Capital Management Inc. now owns 615,889 shares of the company’s stock valued at $23,170,000 after buying an additional 540,897 shares during the period. Trexquant Investment LP acquired a new position in shares of United Natural Foods in the fourth quarter worth $12,885,000. Arrowstreet Capital Limited Partnership grew its stake in shares of United Natural Foods by 40.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock worth $48,922,000 after acquiring an additional 374,487 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of United Natural Foods by 912.4% during the fourth quarter. Millennium Management LLC now owns 398,946 shares of the company’s stock worth $13,433,000 after acquiring an additional 359,541 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

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.