United Natural Foods, Inc. $UNFI Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in United Natural Foods, raising its ownership to 1.12%, worth approximately $18.55 million.
• Multiple investors have significantly increased their holdings in United Natural Foods during the first quarter, indicating strong interest in the company from institutional investors.
• UBS Group and other analysts have varied opinions on the stock, with price targets ranging from $25 to $36, reflecting differing expectations about its performance.

Charles Schwab Investment Management Inc. increased its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 677,359 shares of the company's stock after purchasing an additional 20,017 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.12% of United Natural Foods worth $18,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in United Natural Foods during the 4th quarter worth about $47,000. Picton Mahoney Asset Management purchased a new stake in United Natural Foods in the 1st quarter valued at about $69,000. Quarry LP grew its holdings 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 worth $73,000 after purchasing an additional 1,535 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of United Natural Foods during the 1st quarter worth about $73,000. Finally, KBC Group NV purchased a new stake in shares of United Natural Foods during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

Analysts Set New Price Targets

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

United Natural Foods Stock Up 1.4%

Shares of UNFI traded up $0.39 during trading on Thursday, reaching $27.91. The company's stock had a trading volume of 791,967 shares, compared to its average volume of 799,679. The company has a fifty day moving average of $25.58 and a two-hundred day moving average of $26.79. United Natural Foods, Inc. has a twelve month low of $13.84 and a twelve month high of $34.76. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -24.27 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 earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same period in the prior year, the company posted $0.10 EPS. United Natural Foods'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. On average, sell-side analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.