Lakewood Capital Management LP Purchases Shares of 350,000 United Natural Foods, Inc. $UNFI

Lakewood Capital Management LP acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $15,984,000. Lakewood Capital Management LP owned about 0.58% of United Natural Foods at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Legal & General Group Plc bought a new stake in United Natural Foods during the 2nd quarter worth approximately $6,851,000. The Manufacturers Life Insurance Company bought a new position in United Natural Foods in the 2nd quarter valued at $1,364,000. Sanctuary Advisors LLC acquired a new position in United Natural Foods in the second quarter worth $2,493,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in United Natural Foods in the second quarter worth $8,370,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of United Natural Foods during the second quarter worth $5,949,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of UNFI stock opened at $48.46 on Tuesday. The stock has a 50-day moving average price of $48.57 and a 200 day moving average price of $46.47. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -73.42 and a beta of 0.84. United Natural Foods, Inc. has a 12 month low of $26.95 and a 12 month high of $57.02.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue 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 expect that United Natural Foods, Inc. will post 2.52 EPS for the current 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 shares were sold at an average price of $51.56, for a total transaction of $515,600.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

UNFI has been the subject of a number of research reports. Zacks Research lowered United Natural Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a research report on Monday, July 6th. 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. Finally, Roth Capital reiterated a “neutral” rating and set a $43.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.86.

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.