Algert Global LLC Buys 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 stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 325.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,455 shares of the company's stock after purchasing an additional 149,565 shares during the period. Algert Global LLC owned about 0.32% of United Natural Foods worth $5,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in United Natural Foods by 1,672.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after purchasing an additional 920 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in United Natural Foods in the 4th quarter worth $47,000. Sterling Capital Management LLC boosted its position in shares of United Natural Foods by 796.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after acquiring an additional 1,672 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of United Natural Foods during the 1st quarter valued at about $69,000. Finally, Quarry LP boosted its position in shares of United Natural Foods by 135.6% during the 4th quarter. Quarry LP now owns 2,667 shares of the company's stock valued at $73,000 after acquiring an additional 1,535 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UNFI. BMO Capital Markets decreased their target price on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research report on Thursday, June 12th. UBS Group lifted their target price on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the company a "hold" rating in a research report on Thursday, June 12th. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company upgraded shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $25.00 to $26.00 in a research report on Wednesday, July 16th. Two investment 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 stock currently has an average rating of "Hold" and a consensus target price of $28.13.

United Natural Foods Price Performance

UNFI stock traded up $0.4340 during trading on Friday, hitting $27.4040. 653,695 shares of the stock traded hands, compared to its average volume of 818,670. United Natural Foods, Inc. has a one year low of $13.28 and a one year high of $34.76. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -23.83 and a beta of 0.82. The company has a 50 day simple moving average of $25.10 and a 200 day simple moving average of $26.80. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 1.21.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same period last year, the firm posted $0.10 EPS. The firm'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. Equities analysts expect that United Natural Foods, Inc. will post 0.76 EPS 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.