Deutsche Bank AG Boosts Stock Holdings in United Natural Foods, Inc. $UNFI

Deutsche Bank AG boosted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 45.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,857 shares of the company's stock after purchasing an additional 51,952 shares during the period. Deutsche Bank AG owned about 0.27% of United Natural Foods worth $4,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds 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 $656,000. Wells Fargo & Company MN lifted 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 purchasing an additional 16,206 shares during the last quarter. Bank of Montreal Can lifted its stake in United Natural Foods by 7.9% during the fourth quarter. Bank of Montreal Can now owns 30,685 shares of the company's stock worth $838,000 after purchasing an additional 2,246 shares during the last quarter. Raymond James Financial Inc. bought a new stake in United Natural Foods during the fourth quarter worth $462,000. Finally, Sterling Capital Management LLC lifted 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 purchasing an additional 1,672 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on UNFI shares. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. The Goldman Sachs Group cut their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. UBS Group raised their price objective on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. BMO Capital Markets cut their price objective on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday, June 12th. Finally, Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $25.00 to $26.00 in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, United Natural Foods presently has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Stock Up 0.3%

United Natural Foods stock traded up $0.0780 during midday trading on Tuesday, reaching $26.7080. The stock had a trading volume of 480,240 shares, compared to its average volume of 929,173. United Natural Foods, Inc. has a 12 month low of $13.05 and a 12 month high of $34.76. The company has a market capitalization of $1.62 billion, a P/E ratio of -23.22 and a beta of 0.82. The company has a fifty day moving average price of $24.76 and a two-hundred day moving average price of $26.89. 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 issued its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The business had revenue of $8.06 billion during 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 firm's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous 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 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.