Connor Clark & Lunn Investment Management Ltd. Makes New $8.37 Million Investment in United Natural Foods, Inc. $UNFI

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 183,272 shares of the company’s stock, valued at approximately $8,370,000.

Several other institutional investors also recently modified their holdings of UNFI. Northwestern Mutual Wealth Management Co. bought a new position in United Natural Foods during the 2nd quarter worth $5,949,000. Evolve Private Wealth LLC bought a new position in shares of United Natural Foods during the second quarter worth about $727,000. C M Bidwell & Associates Ltd. bought a new stake in United Natural Foods in the second quarter valued at approximately $76,000. Allworth Financial LP bought a new position in United Natural Foods during the 2nd quarter worth approximately $105,000. Finally, Vise Technologies Inc. acquired a new position in shares of United Natural Foods in the 2nd quarter worth approximately $263,000. Institutional investors own 87.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UNFI shares. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Roth Capital reiterated a “neutral” rating and issued a $43.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research downgraded shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Two 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. According to MarketBeat, United Natural Foods has an average rating of “Hold” and a consensus target price of $47.86.

United Natural Foods Trading Up 0.3%

UNFI opened at $47.76 on Thursday. United Natural Foods, Inc. has a fifty-two week low of $27.21 and a fifty-two week high of $57.02. The firm has a market capitalization of $2.89 billion, a PE ratio of -72.36 and a beta of 0.84. 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’s 50-day moving average is $48.50 and its 200 day moving average is $46.59.

United Natural Foods (NYSE:UNFI) last issued 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 positive return on equity of 7.42% and a negative net margin of 0.12%.The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.79 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter 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. As a group, research analysts predict that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other news, insider Mark Bushway sold 10,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

United Natural Foods 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.