VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in United Natural Foods, Inc. $UNFI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 41,700 shares of the company’s stock, valued at approximately $1,904,000.

Other large investors also recently made changes to their positions in the company. Revisor Wealth Management LLC lifted its holdings in United Natural Foods by 4.7% during the 1st quarter. Revisor Wealth Management LLC now owns 6,188 shares of the company’s stock worth $279,000 after purchasing an additional 278 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in United Natural Foods by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,485 shares of the company’s stock valued at $252,000 after buying an additional 285 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in United Natural Foods by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,894 shares of the company’s stock valued at $468,000 after buying an additional 289 shares in the last quarter. Optimize Financial Inc increased its position 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 buying an additional 300 shares during the period. Finally, Arax Advisory Partners increased its position 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 buying an additional 300 shares during the period. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Trading Up 0.8%

Shares of United Natural Foods stock opened at $44.47 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 0.97. United Natural Foods, Inc. has a 12-month low of $27.97 and a 12-month high of $57.02. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 33.19 and a beta of 0.80. The firm’s 50-day moving average price is $47.51 and its two-hundred day moving average price is $46.95.

United Natural Foods (NYSE:UNFI) last issued its earnings results on Tuesday, September 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same period in the previous year, the company earned ($0.11) EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. On average, analysts forecast that United Natural Foods, Inc. will post 3.35 earnings per share for the current fiscal year.

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 on Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total transaction of $515,600.00. Following the completion of the sale, the insider directly owned 51,119 shares in the company, valued at $2,635,695.64. This represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of United Natural Foods from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Capital reiterated a “neutral” rating and issued a $45.00 price objective (up from $43.00) on shares of United Natural Foods in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.29.

About United Natural Foods

United Natural Foods, Inc (NYSE: UNFI) is a distributor of natural, organic, specialty, fresh and conventional food products in the United States and Canada. The company supplies grocery retailers, independent stores, supermarkets, e-commerce businesses, foodservice operators and other customers with a broad range of products.

UNFI’s offerings include produce, perishables, center-store groceries, refrigerated and frozen foods, beverages, supplements, personal-care products and household items.