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Type
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Public |
|---|---|
| Traded as | NASDAQ: UNFI S&P 400 Component |
| Industry | NAIC 42211: wholesale grocery |
| Founder | Michael Funk and Norman A. Cloutier |
| Headquarters | Providence, Rhode Island, United States |
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Area served
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United States, Canada |
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Key people
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Michael S. Funk, chair of the board; Steven L. Spinner, CEO |
| Products | wholesale natural, organic, ethnic and gourmet, grocery, produce, perishables, personal care, and supplements. |
| Revenue |  US$ 8.185 billion (2015) |
|
Operating income
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US$ 241.96 million (2015) |
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Number of employees
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10,000 |
| Divisions | Albert’s Organics, Select Nutrition, Tony’s Fine Foods, UNFI Canada, Honest Green, Woodstock Farms Manufacturing, Blue Marble Brands, Gourmet Guru, Haddon House Specialty Foods, Nor-Cal Produce |
| Website | www.unfi.com |
United Natural Foods, Incorporated, also known as UNFI, is a distributor of natural and organic foods, specialty foods, and related products in the United States and Canada. The company distributes to grocery and natural food stores and is the primary distributor to Whole Foods Market. UNFI offers dry, refrigerated and frozen groceries, personal care products, supplements, fresh produce, perishables, and non-food items such as household cleaning products. It made the Fortune 500 list in 2016.
UNFI has a focus on corporate social responsibility. Examples include construction and renovation projects that achieve LEED certification. In 2016, UNFI was named to Food Logistics' 2016 Top Green Providers list. The corporation supports the Just Label It! movement that calls for the labeling of genetically modified and engineered foods. The UNFI Foundation is UNFI's charitable arm, which supports healthy and organic food systems.
UNFI was founded in 1996 by the merger of two regional distributors, Mountain People's Warehouse (founded in 1976, serving the Western U.S.) and Cornucopia Natural Foods (founded in 1977, serving the Eastern U.S.), forming the first natural products distributorship with national scope. Since 1996, other regional distributors have merged with UNFI, filling in the distribution footprint and making UNFI the largest distributor of natural products. In 2007 UNFI added specialty products distribution through the acquisition of Millbrook Distribution Services. In 2011, UNFI signed a distribution agreement with Safeway Inc. for the distribution of non-proprietary natural, organic and specialty products, making Safeway their second largest customer after Whole Foods. This agreement was terminated by Safeway in July, 2015, leading to a drop in share price and two rounds of layoffs, their first in the history of the company. In 2012 UNFI partnered with Buyer's Best Friend to create a unified reordering system. In 2016, the company announced the acquisition of Nor-Cal produce, Inc. It also completed the acquisition of Haddon House Food Products, Inc. in 2016. That same year, it announced the acquisition of Gourmet Guru, Inc. In early 2016, UNFI worried investors by disclosing that it missed Wall Street's expectations.
In addition to distribution operations, UNFI also operates the following divisions:
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q4 2021 | 2022-09-26 | Future report Set alerts | |
| Q3 2021 | 2022-06-07 | 1.10 | 1.10 |
| Q2 2021 | 2022-03-09 | 1.13 | 1.13 |
| Q1 2021 | 2021-12-08 | 0.97 | 0.97 |
| Q4 2020 | 2021-09-28 | 1.18 | 1.18 |
| Q3 2020 | 2021-06-09 | 0.94 | 0.94 |
| Q2 2020 | 2021-03-10 | 1.25 | 1.25 |
| Q1 2020 | 2019-12-11 | 0.12 | -7.67 |
| Q4 2019 | 2019-10-01 | 0.44 | 0.02 |
| Q3 2019 | 2019-06-05 | 0.61 | 0.64 |
| 2016-06-07 | Downgrade | Standpoint Research | Buy to Hold | |
| 2016-06-07 | Reiterated Rating | Oppenheimer | Hold | |
| 2016-06-07 | Reiterated Rating | BMO Capital Markets | Hold | $42.00 |
| 2016-06-07 | Reiterated Rating | Jefferies Group | Hold | $34.00 to $42.00 |
| 2016-06-07 | Reiterated Rating | Piper Jaffray | Neutral | $33.00 to $40.00 |
| 2016-06-07 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
| 2016-06-07 | Reiterated Rating | Piper Jaffray Cos. | Neutral | $33.00 to $40.00 |
| 2016-06-06 | Reiterated Rating | Morgan Stanley | Sell | |
| 2016-06-04 | Reiterated Rating | Deutsche Bank | Hold | |
| 2016-06-04 | Reiterated Rating | Deutsche Bank AG | Hold | |
| 2016-04-15 | Initiated Coverage | Wells Fargo | Market Perform | |
| 2016-04-15 | Initiated Coverage | Wells Fargo & Co. | Market Perform | |
| 2016-04-11 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $34.00 |
| 2016-04-05 | Reiterated Rating | Wedbush | Neutral | $32.00 to $35.00 |
| 2016-04-01 | Reiterated Rating | Oppenheimer | Market Perform | |
| 2016-03-20 | Reiterated Rating | BMO Capital Markets | Market Perform | $32.00 |
| 2016-03-14 | Reiterated Rating | BMO Capital Markets | Market Perform | |
| 2016-03-10 | Reiterated Rating | RBC Capital | Sector Perform | $33.00 |
| 2016-03-10 | Reiterated Rating | Jefferies Group | Hold | $34.00 |
| 2016-03-10 | Reiterated Rating | Royal Bank Of Canada | Sector Perform | $33.00 |
| 2016-03-09 | Reiterated Rating | Oppenheimer | Market Perform | $35.00 |
| 2016-03-09 | Reiterated Rating | Deutsche Bank | Hold | $45.00 |
| 2016-03-09 | Boost Price Target | Goldman Sachs | Neutral | $35.00 to $36.00 |
| 2016-03-09 | Boost Price Target | Goldman Sachs Group Inc. | Neutral | $35.00 to $36.00 |
| 2016-03-08 | Reiterated Rating | BMO Capital Markets | Hold | |
| 2016-03-08 | Reiterated Rating | Barclays | Underweight | $31.00 to $33.00 |
| 2016-03-08 | Reiterated Rating | Piper Jaffray | Neutral | $31.00 to $33.00 |
| 2016-03-08 | Reiterated Rating | Canaccord Genuity | Buy | $36.00 to $40.00 |
| 2016-03-08 | Reiterated Rating | Barclays PLC | Underweight | $31.00 to $33.00 |
| 2016-03-01 | Reiterated Rating | BMO Capital Markets | Market Perform | $40.00 to $32.00 |
| 2016-03-01 | Reiterated Rating | Canaccord Genuity | Buy | $58.00 to $36.00 |
| 2016-03-01 | Downgrade | Jefferies Group | Buy to Hold | $50.00 to $34.00 |
| 2016-03-01 | Reiterated Rating | Wedbush | Neutral | $47.00 to $32.00 |
| 2016-03-01 | Lower Price Target | RBC Capital | Sector Perform | $35.00 to $33.00 |
| 2016-03-01 | Lower Price Target | Pivotal Research | Sell | $34.00 to $25.00 |
| 2016-03-01 | Reiterated Rating | Barclays | Underweight | $39.00 to $31.00 |
| 2016-03-01 | Reiterated Rating | Piper Jaffray | Hold | $46.00 to $31.00 |
| 2016-02-09 | Reiterated Rating | Jefferies | Buy | $50.00 |
| 2016-02-09 | Reiterated Rating | Jefferies Group | Buy | $50.00 |
| 2016-02-08 | Lower Price Target | Jefferies Group | Buy | $50.00 |
| 2016-02-05 | Downgrade | Bank of America | Neutral to Underperform | $35.00 to $85.00 |
| 2016-02-05 | Upgrade | RBC Capital | Underperform to Sector Perform | $42.00 to $35.00 |
| 2016-02-05 | Downgrade | Bank of America Corp. | Neutral to Underperform | $35.00 to $85.00 |
| 2016-01-21 | Lower Price Target | Goldman Sachs | $43.00 to $40.00 | |
| 2016-01-13 | Reiterated Rating | BMO Capital Markets | Hold | $40.00 |
| 2016-01-07 | Initiated Coverage | Standpoint Research | Buy | $48.00 |
| 2015-12-29 | Downgrade | Tigress Financial | Hold | |
| 2015-12-23 | Downgrade | Tigress Financial | Buy to Neutral | |
| 2015-12-09 | Reiterated Rating | Oppenheimer | Hold | |
| 2015-12-09 | Reiterated Rating | Deutsche Bank | Hold | $45.00 |
| 2015-12-08 | Reiterated Rating | BMO Capital Markets | Hold | $52.00 to $40.00 |
| 2015-12-08 | Lower Price Target | Jefferies Group | Buy | $61.00 to $56.00 |
| 2015-12-08 | Lower Price Target | Guggenheim | Buy | $70.00 to $60.00 |
| 2015-12-08 | Reiterated Rating | Canaccord Genuity | Buy | $59.00 to $58.00 |
| 2015-12-08 | Lower Price Target | BB&T Corp. | Buy | $65.00 to $58.00 |
| 2015-12-08 | Lower Price Target | Oppenheimer | Market Perform | $50.00 to $42.00 |
| 2015-12-08 | Downgrade | Barclays | Equal Weight to Underweight | $51.00 to $39.00 |
| 2015-12-07 | Reiterated Rating | Wedbush | Neutral | $47.00 to $56.00 |
| 2015-12-05 | Reiterated Rating | RBC Capital | Sell | |
| 2015-12-04 | Lower Price Target | RBC Capital | Underperform | $50.00 to $46.00 |
| 2015-12-02 | Reiterated Rating | Deutsche Bank | Hold | $48.00 |
| 2015-11-18 | Lower Price Target | Pivotal Research | Sell | $35.00 |
| 2015-11-05 | Lower Price Target | Jefferies Group | Buy | $64.00 to $61.00 |
| 2015-11-05 | Downgrade | Piper Jaffray | Overweight to Neutral | $56.00 to $50.00 |
| 2015-11-02 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 |
| 2015-10-19 | Initiated Coverage | Buckingham Research | Buy | $61.00 |
| 2015-10-02 | Lower Price Target | Citigroup Inc. | Buy | $58.00 to $57.00 |
| 2015-09-25 | Reiterated Rating | Piper Jaffray | Overweight | $56.00 |
| 2015-09-25 | Reiterated Rating | Tigress Financial | Buy | |
| 2015-09-17 | Reiterated Rating | Deutsche Bank | Hold | $55.00 |
| 2015-09-16 | Lower Price Target | Guggenheim | Buy | $75.00 to $70.00 |
| 2015-09-16 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 |
| 2015-09-16 | Reiterated Rating | Jefferies Group | Buy | $58.00 to $59.00 |
| 2015-09-11 | Reiterated Rating | Piper Jaffray | Buy | $56.00 |
| 2015-08-28 | Reiterated Rating | Piper Jaffray | Buy | $56.00 |
| 2015-08-28 | Initiated Coverage | Pivotal Research | Sell | $36.00 |
| 2015-08-24 | Lower Price Target | Barclays | Equal Weight | $64.00 to $51.00 |
| 2015-08-23 | Reiterated Rating | Deutsche Bank | Hold | $55.00 |
| 2015-08-22 | Reiterated Rating | Stephens | Overweight | $72.00 |
| 2015-08-21 | Reiterated Rating | Piper Jaffray | Buy | $56.00 |
| 2015-08-20 | Reiterated Rating | Wedbush | Neutral | $60.00 to $56.00 |
| 2015-08-20 | Lower Price Target | Oppenheimer | Market Perform | $60.00 to $50.00 |
| 2015-08-20 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 |
| 2015-08-11 | Reiterated Rating | Piper Jaffray | Buy | |
| 2015-08-10 | Lower Price Target | BB&T Corp. | Buy | $72.00 to $65.00 |
| 2015-08-07 | Lower Price Target | Jefferies Group | Buy | $76.00 to $58.00 |
| 2015-07-28 | Reiterated Rating | Cleveland Research | Neutral | |
| 2015-07-28 | Lower Price Target | Canaccord Genuity | Buy | $65.00 to $60.00 |
| 2015-07-28 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $71.00 to $52.00 |
| 2015-07-23 | Lower Price Target | Imperial Capital | In to line | $82.00 to $65.00 |
| 2015-07-22 | Downgrade | Wedbush | Outperform to Neutral | $74.00 to $60.00 |
| 2015-07-22 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $78.00 to $63.00 |
| 2015-07-21 | Lower Price Target | Wedbush | Outperform | $77.00 to $74.00 |
| 2015-07-21 | Lower Price Target | Jefferies Group | Buy | $84.00 to $76.00 |
| 2015-07-21 | Lower Price Target | Guggenheim | Buy | $75.00 |
| 2015-07-21 | Lower Price Target | BB&T Corp. | Buy | $75.00 to $72.00 |
| 2015-07-21 | Reiterated Rating | Piper Jaffray | Overweight | $80.00 to $67.00 |
| 2015-07-21 | Lower Price Target | Canaccord Genuity | Buy | $71.00 to $65.00 |
| 2015-07-21 | Downgrade | Oppenheimer | Outperform to Market Perform | $70.00 to $60.00 |
| 2015-07-21 | Downgrade | Bank of America | Neutral to Underperform | $70.00 to $50.00 |
| 2015-07-02 | Reiterated Rating | Wedbush | Outperform | |
| 2015-06-25 | Upgrade | Wedbush | Best Ideas List | |
| 2015-06-24 | Reiterated Rating | Wedbush | Buy | $77.00 |
| 2015-06-16 | Downgrade | Argus | Buy to Hold | |
| 2015-06-11 | Reiterated Rating | BMO Capital Markets | Outperform | $75.00 to $71.00 |
| 2015-06-09 | Set Price Target | Piper Jaffray | Buy | $81.00 to $80.00 |
| 2015-06-09 | Lower Price Target | Jefferies Group | Buy | $90.00 to $84.00 |
| 2015-06-09 | Lower Price Target | Canaccord Genuity | Buy | $85.00 to $71.00 |
| 2015-06-09 | Lower Price Target | Oppenheimer | Outperform | $75.00 to $70.00 |
| 2015-06-09 | Lower Price Target | RBC Capital | Underperform | $69.00 to $59.00 |
| 2015-06-04 | Set Price Target | Jefferies Group | Buy | $90.00 |
| 2015-06-01 | Reiterated Rating | Piper Jaffray | Overweight | $81.00 |
| 2015-06-01 | Reiterated Rating | Oppenheimer | Outperform | $75.00 |
| 2015-05-11 | Upgrade | Stephens | Equal Weight to Overweight | |
| 2015-05-05 | Set Price Target | Jefferies Group | Buy | $90.00 |
| 2015-05-04 | Upgrade | Guggenheim | Neutral to Buy | $90.00 |
| 2015-04-27 | Initiated Coverage | RBC Capital | Underperform | $69.00 |
| 2015-04-20 | Downgrade | Cleveland Research | Buy to Neutral | |
| 2015-04-14 | Reiterated Rating | Oppenheimer | Buy | |
| 2015-03-25 | Reiterated Rating | Canaccord Genuity | Buy | $85.00 |
| 2015-03-19 | Reiterated Rating | Deutsche Bank | Hold | $72.00 |
| 2015-03-10 | Lower Price Target | Canaccord Genuity | Buy | $89.00 to $85.00 |
| 2015-03-10 | Lower Price Target | Oppenheimer | Outperform | $95.00 to $90.00 |
| 2015-02-24 | Reiterated Rating | Oppenheimer | Outperform | $95.00 |
| 2015-01-22 | Initiated Coverage | Wedbush | Outperform | |
| 2015-01-07 | Initiated Coverage | Imperial Capital | In-Line | $82.00 |
| 2014-12-11 | Upgrade | Argus | Hold to Buy | $74.86 to $90.00 |
| 2014-12-05 | Boost Price Target | Jefferies Group | Buy | $78.00 to $90.00 |
| 2014-12-05 | Downgrade | Stephens | Overweight to Equal Weight | |
| 2014-11-26 | Reiterated Rating | Deutsche Bank | Hold | $65.00 to $72.00 |
| 2014-10-15 | Upgrade | Piper Jaffray | Neutral to Overweight | $70.00 to $74.00 |
| 2014-10-02 | Initiated Coverage | Tigress Financial | Buy | |
| 2014-10-02 | Initiated Coverage | ING Group | Buy | |
| 2014-09-18 | Reiterated Rating | Barclays | Equal Weight | $75.00 to $69.00 |
| 2014-09-08 | Initiated Coverage | Canaccord Genuity | Buy | $83.00 to $75.00 |
| 2014-09-04 | Initiated Coverage | Janney Montgomery Scott | Buy | |
| 2014-08-26 | Initiated Coverage | Stephens | Overweight | $76.00 |
| 2014-07-22 | Downgrade | Wolfe Research | Outperform to Peer Perform | |
| 2014-07-16 | Initiated | Oppenheimer | Outperform | $75 |
| 2014-07-15 | Initiated Coverage | Oppenheimer | Outperform | $75.00 |
| 2014-06-25 | Initiated Coverage | Morgan Stanley | Overweight | $80.00 |
| 2014-06-16 | Reiterated Rating | Citigroup Inc. | Buy | $89.00 to $74.00 |
| 2014-04-16 | Upgrade | Jefferies Group | Hold to Buy | $77.00 to $78.00 |
| 2014-03-11 | Boost Price Target | BB&T Corp. | $77.00 to $83.00 | |
| 2014-03-11 | Boost Price Target | Canaccord Genuity | Buy | $75.00 to $83.00 |
| 2014-03-11 | Boost Price Target | Barclays | $65.00 to $75.00 | |
| 2014-01-09 | Downgrade | Piper Jaffray | Overweight to Neutral | $76.00 |
| 2013-12-12 | Initiated Coverage | Jefferies Group | Buy to Hold | $77.00 |
| 2013-10-15 | Initiated Coverage | BMO Capital Markets | Outperform | |
| 2013-09-30 | Boost Price Target | Canaccord Genuity | Buy | $68.00 to $71.00 |
| 2013-09-25 | Initiated Coverage | Deutsche Bank | Hold | $65.00 |
| 2013-09-24 | Reiterated Rating | Citigroup Inc. | Buy | $80.00 |
| 2013-09-24 | Boost Price Target | Barclays | Equal Weight | $53.00 to $65.00 |
| 2013-09-16 | Boost Price Target | Cantor Fitzgerald | Sell | $36.00 to $52.00 |
| 2013-09-16 | Reiterated Rating | Citigroup Inc. | Buy | $64.00 to $80.00 |
| 2012-09-12 | Reiterated | Canaccord Genuity | Buy | $58 to $63 |
| 2012-06-15 | Upgrade | Argus | Hold to Buy | $62 |
| 2012-06-06 | Reiterated | UBS | Neutral | $50 to $53 |
| 2012-06-05 | Upgrade | Northland Securities | Market Perform to Outperform | $42 to $58 |
| 2011-03-09 | Downgrade | Argus | Buy to Hold | |
| 2011-03-07 | Reiterated | Northland Securities | Market Perform | $38 to $42 |
| 2010-12-01 | Downgrade | Northland Securities | Outperform to Market Perform | |
| 2010-10-25 | Downgrade | Canaccord Genuity | Buy to Hold |
| 2016-06-07 | Downgrade | Standpoint Research | Buy to Hold | |
| 2016-06-07 | Reiterated Rating | Oppenheimer | Hold | |
| 2016-06-07 | Reiterated Rating | BMO Capital Markets | Hold | $42.00 |
| 2016-06-07 | Reiterated Rating | Jefferies Group | Hold | $34.00 to $42.00 |
| 2016-06-07 | Reiterated Rating | Piper Jaffray | Neutral | $33.00 to $40.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In UNFI 232 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 9.20M |
| Vanguard Group, Inc | 6.84M |
| DIMENSIONAL FUND ADVISORS LP | 4.22M |
| BlackRock Fund Advisors | 3.04M |
| Kiltearn Partners LLP | 3.01M |
| STATE STREET CORP | 2.01M |
| MACKENZIE FINANCIAL CORP | 1.65M |
| BlackRock Institutional Trust Company, N.A. | 1.55M |
| FMR LLC | 1.23M |
| NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION | 1.10M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.02M |
| WELLINGTON MANAGEMENT CO LLP | 0.99M |
| Invesco Ltd. | 0.98M |
| GOLDMAN SACHS GROUP INC | 0.90M |
| AMERIPRISE FINANCIAL INC | 0.88M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| SPINNER STEVEN President and CEO | 0.21% (102637) | ARCB / UNFI / |
| ROY PETER | 0.07% (33904) | UNFI / WMAR / |
| FUNK MICHAEL S | 0.06% (31612) | UNFI / |
| DZIKI THOMAS A CHRSO | 0.04% (18280) | UNFI / |
| GRAHAM GAIL A | 0.03% (15225) | UNFI / |
| Shamber Mark SVP, Chief Financial Officer | 0.03% (13675) | SPTN / UNFI / |
| Artz Eric | 0.03% (12470) | UNFI / URBN / |
| Torre Bates Ann | 0.02% (11820) | ALD / ARCC / SLM / UNFI / |
| SCHNIEDERS RICHARD J | 0.02% (11294) | UNFI / |
| BURTON MARY ELIZABETH | 0.02% (10376) | SPLS / UNFI / |
| TESTA CHRISTOPHER P. President, WFM & BMB | 0.02% (10038) | UNFI / |
| Dufresne Daphne J | 0.02% (9140) | CDOR / UNFI / |
| Clark Denise M. | 0.02% (8732) | UNFI / |
| SMITH CRAIG HARDER Eastern Region President | 0.02% (8618) | UNFI / |
| HEFFERNAN JAMES P | 0.01% (6960) | MOC / UNFI / |
| Zechmeister Michael Paul SVP Finance | 0.01% (5340) | UNFI / |
| Traficanti Joseph J SVP, General Counsel, CCO | 0.01% (4880) | UNFI / |
| Benedict Danielle SVP, Human Resources | 0.01% (3572) | UNFI / |
| Green Paul Scott President, Pacific Region | 0.01% (3400) | UNFI / |
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