UNITED NATURAL FOODS, INC.
In the published model solve dated 2026-Q2, anchored at $48.06, UNITED NATURAL FOODS, INC. (UNFI) is priced for today's economics sustained for ~8.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• UNFI is the wholesale plumbing of the natural and conventional grocery business, moving roughly $31 billion of food a year at razor-thin margins, with Whole Foods Market as its anchor customer on a primary distribution agreement now extended through 2032. [Source: UNFI Q3 FY2026 earnings release, June 2026] • The story this year is deleveraging: the company returned to profitability, cut net leverage, and earned a credit-rating upgrade, reporting Q3 fiscal 2026 net income of $33 million on sal
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337 institutional managers reported holding UNFI in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 55%. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 2.5M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
UNFI's share count grew 7.7% over the past five years even with $91.00M spent on repurchases. It pays no dividend. Cash returned over the past three years: $50.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at UNFI over the trailing three years: 2023: 2 buys totaling $225k; 2024: 1 buy totaling $75k; 2026: 2 buys totaling $573k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
UNFI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-08 | -20.6% | -4.6% |
| 2023-09-27 | -22.4% | +0.1% |
| 2023-12-07 | -3.6% | +3.9% |
| 2024-03-07 | -19.6% | -17.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
UNFI's latest 8-K filings: 2026-07-09 (items 5.02, 7.01, 9.01); 2026-06-22 (items 1.01, 2.03); 2026-06-09 (items 2.02, 9.01); 2026-04-02 (items 1.01, 2.03); 2026-03-10 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.