United Natural Foods, Inc. $UNFI Shares Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in United Natural Foods, owning 270,262 shares after a 428.7% increase in the first quarter of the year.
• Analysts have mixed ratings for UNFI, with a price target range from $24.00 to $36.00 and an average target price of $28.13.
• United Natural Foods reported an EPS of $0.44, surpassing expectations, with revenues of $8.06 billion reflecting a 7.5% year-over-year increase.

Cubist Systematic Strategies LLC increased its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 428.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,262 shares of the company's stock after acquiring an additional 219,145 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.45% of United Natural Foods worth $7,402,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake 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 valued at $27,000 after buying an additional 920 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in United Natural Foods in the 4th quarter valued at about $47,000. Picton Mahoney Asset Management purchased a new position in United Natural Foods in the 1st quarter valued at about $69,000. Skandinaviska Enskilda Banken AB publ purchased a new position in United Natural Foods in the 1st quarter valued at about $73,000. Finally, KBC Group NV purchased a new position in United Natural Foods in the 1st quarter valued at about $78,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNFI has been the topic of a number of research reports. Northcoast Research raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research note on Tuesday, July 22nd. Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. 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 note on Thursday, June 12th. Finally, The Goldman Sachs Group decreased their target price 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. Two equities research 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.com, the company has a consensus rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Trading Up 0.2%

Shares of NYSE UNFI traded up $0.05 during midday trading on Friday, reaching $28.96. 719,244 shares of the stock were exchanged, compared to its average volume of 736,839. The company has a 50 day simple moving average of $26.36 and a 200 day simple moving average of $26.56. The stock has a market capitalization of $1.75 billion, a P/E ratio of -25.18 and a beta of 0.90. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. United Natural Foods, Inc. has a twelve month low of $13.84 and a twelve month high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 EPS 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 positive return on equity of 3.13% and a negative net margin of 0.21%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior 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, equities analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current 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.