United Natural Foods, Inc. $UNFI Stock Position Lifted by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its holdings in United Natural Foods, Inc. by 99.3% in the first quarter, owning a total of 78,949 shares worth approximately $2.16 million.
• United Natural Foods reported earnings per share of $0.44 for the recent quarter, exceeding analysts' estimates of $0.22, with revenue of $8.06 billion.
• Several institutional investors significantly raised their stakes in United Natural Foods, with hedge funds collectively owning 87.63% of the company’s stock.

Graham Capital Management L.P. boosted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 99.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,949 shares of the company's stock after purchasing an additional 39,331 shares during the period. Graham Capital Management L.P. owned approximately 0.13% of United Natural Foods worth $2,162,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 acquiring an additional 920 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of United Natural Foods in the 4th quarter valued at $47,000. Picton Mahoney Asset Management purchased a new position in shares of United Natural Foods in the 1st quarter valued at $69,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of United Natural Foods in the 1st quarter valued at $73,000. Finally, KBC Group NV purchased a new position in shares of United Natural Foods in the 1st quarter valued at $78,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. 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. Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. UBS Group boosted their target price 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 reduced their target price on shares of United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. Finally, BMO Capital Markets reduced their target price on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.13.

United Natural Foods Trading Up 0.2%

Shares of United Natural Foods stock traded up $0.05 during trading on Friday, hitting $28.96. The stock had a trading volume of 719,244 shares, compared to its average volume of 736,839. The stock has a 50 day simple moving average of $26.36 and a 200 day simple moving average of $26.56. The company has a market capitalization of $1.75 billion, a PE ratio of -25.18 and a beta of 0.90. 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, Inc. has a 1 year low of $13.84 and a 1 year high of $34.76.

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 the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion for the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research 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.