American Century Companies Inc. Has $66.67 Million Stock Holdings in United Natural Foods, Inc. $UNFI

Key Points

• American Century Companies Inc. increased its ownership in United Natural Foods by 20.6%, acquiring an additional 415,700 shares to hold a total of approximately 2.43 million shares worth $66.67 million.
• United Natural Foods reported a $0.44 EPS for the last quarter, surpassing analysts' expectations of $0.22 and showing a 7.5% revenue growth year-over-year.
• Analysts have mixed views on United Natural Foods, with a consensus rating of "Hold" and a target price of approximately $28.13, with seven ratings at hold and three at buy.

American Century Companies Inc. grew its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,433,948 shares of the company's stock after buying an additional 415,700 shares during the quarter. American Century Companies Inc. owned approximately 4.02% of United Natural Foods worth $66,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UNFI. Brighton Jones LLC bought a new stake in United Natural Foods during the fourth quarter worth about $656,000. Wells Fargo & Company MN grew its stake in United Natural Foods by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 48,374 shares of the company's stock worth $1,321,000 after buying an additional 16,206 shares during the last quarter. Raymond James Financial Inc. bought a new stake in United Natural Foods during the fourth quarter worth about $462,000. Sterling Capital Management LLC grew its stake in United Natural Foods by 796.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after buying an additional 1,672 shares during the last quarter. Finally, Barclays PLC grew its stake in United Natural Foods by 68.2% during the fourth quarter. Barclays PLC now owns 208,529 shares of the company's stock worth $5,694,000 after buying an additional 84,572 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

United Natural Foods Trading Up 1.6%

NYSE UNFI traded up $0.4340 during trading hours on Friday, hitting $27.4040. The company's stock had a trading volume of 653,695 shares, compared to its average volume of 818,670. The stock has a fifty day moving average of $25.10 and a 200 day moving average of $26.80. United Natural Foods, Inc. has a twelve month low of $13.28 and a twelve month high of $34.76. The firm has a market capitalization of $1.66 billion, a P/E ratio of -23.83 and a beta of 0.82. 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 announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.78 billion. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. United Natural Foods's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. The Goldman Sachs Group decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft set a $24.00 price target on shares of United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. BMO Capital Markets decreased their price target on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. Finally, Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.13.

United Natural Foods Profile

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.