Algert Global LLC Acquires 149,565 Shares of United Natural Foods, Inc. $UNFI

Key Points

• Algert Global LLC significantly increased its stake in United Natural Foods, Inc. (NYSE:UNFI) by 325.9% during the first quarter, owning 195,455 shares valued at $5.35 million.
• Several institutional investors, including Nuveen LLC and American Century Companies Inc., have also raised their holdings in UNFI, demonstrating strong institutional interest with 87.63% of the stock owned by such investors.
• Analysts have mixed ratings for UNFI, with a consensus rating of "Hold" and an average target price of $28.13, amidst recent upgrades and downgrades by firms like Wells Fargo and UBS Group.

Algert Global LLC grew its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 325.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,455 shares of the company's stock after acquiring an additional 149,565 shares during the quarter. Algert Global LLC owned about 0.32% of United Natural Foods worth $5,354,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC lifted its position in United Natural Foods by 19.5% in the first quarter. CWM LLC now owns 3,229 shares of the company's stock valued at $88,000 after purchasing an additional 526 shares during the last quarter. Federated Hermes Inc. lifted its position in United Natural Foods by 1.0% in the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock valued at $1,809,000 after purchasing an additional 653 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock valued at $27,000 after purchasing an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in United Natural Foods by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company's stock valued at $913,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Quarry LP lifted its position in United Natural Foods by 135.6% in the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock valued at $73,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 87.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UNFI. BMO Capital Markets lowered their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a research report on Thursday, June 12th. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Tuesday, July 22nd. UBS Group boosted their price objective on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. The Goldman Sachs Group reduced their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, June 12th. Finally, Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $28.13.

United Natural Foods Stock Down 1.2%

Shares of NYSE UNFI traded down $0.3250 during trading on Thursday, reaching $26.9650. The company had a trading volume of 713,431 shares, compared to its average volume of 865,499. United Natural Foods, Inc. has a 12-month low of $13.18 and a 12-month high of $34.76. The stock has a market cap of $1.63 billion, a PE ratio of -23.45 and a beta of 0.82. The business's 50-day moving average is $24.97 and its 200 day moving average is $26.88. The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 1.21.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%.The firm had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.78 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.