Bridgeway Capital Management LLC Cuts Stock Holdings in United Natural Foods, Inc. $UNFI

Key Points

• Bridgeway Capital Management LLC has reduced its stock holdings in United Natural Foods, Inc. (UNFI) by 3.4%, now owning approximately 1.13% of the company worth around $18.7 million.
• United Natural Foods has experienced a 7.5% year-over-year revenue increase, reporting $8.06 billion in revenue for the quarter, exceeding analyst estimates.
• Analysts have mixed sentiments regarding UNFI's stock, with Goldman Sachs lowering the price target to $26.00, while Northcoast Research upgraded it to a Buy rating with a target of $36.00.

Bridgeway Capital Management LLC reduced its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,253 shares of the company's stock after selling 24,216 shares during the period. Bridgeway Capital Management LLC owned about 1.13% of United Natural Foods worth $18,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Natural Foods by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company's stock worth $5,152,000 after acquiring an additional 29,357 shares during the period. Brighton Jones LLC acquired a new position in United Natural Foods in the 4th quarter worth about $656,000. GAMMA Investing LLC boosted its position in United Natural Foods by 2,671.4% during the first quarter. GAMMA Investing LLC now owns 56,177 shares of the company's stock worth $1,539,000 after purchasing an additional 54,150 shares in the last quarter. Range Financial Group LLC acquired a new stake in United Natural Foods in the first quarter valued at approximately $1,253,000. Finally, Lisanti Capital Growth LLC acquired a new stake in United Natural Foods in the first quarter valued at approximately $2,570,000. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Performance

UNFI opened at $28.15 on Wednesday. The firm has a market capitalization of $1.71 billion, a PE ratio of -24.48 and a beta of 0.90. United Natural Foods, Inc. has a twelve month low of $13.84 and a twelve month high of $34.76. The firm's 50-day moving average price is $25.96 and its 200 day moving average price is $26.65. 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 released its earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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%. The business's revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UNFI shares. The Goldman Sachs Group decreased their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, June 12th. UBS Group increased their price objective on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. 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. 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. Finally, Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $28.13.

United Natural Foods Company 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.

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