Invst LLC Makes New Investment in United Natural Foods, Inc. $UNFI

Key Points

• Invst LLC has made a new investment in United Natural Foods, Inc. by purchasing 53,676 shares valued at approximately $1.47 million, equating to an ownership of about 0.09% of the company.
• United Natural Foods reported a 12-month high of $34.76 and recently had earnings of $0.44 per share, significantly exceeding analysts' expectations of $0.22 per share.
• Institutional investors and hedge funds now own 87.63% of United Natural Foods' stock, reflecting strong institutional interest in the company.

Invst LLC purchased a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 53,676 shares of the company's stock, valued at approximately $1,470,000. Invst LLC owned about 0.09% of United Natural Foods as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC grew its position in United Natural Foods by 19.5% in the first quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after buying an additional 526 shares during the last quarter. Federated Hermes Inc. grew its position in United Natural Foods by 1.0% in the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock worth $1,809,000 after buying an additional 653 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after buying an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in United Natural Foods by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company's stock worth $913,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Diversified Trust Co grew its position in United Natural Foods by 4.2% during the 1st quarter. Diversified Trust Co now owns 53,209 shares of the company's stock worth $1,457,000 after purchasing an additional 2,124 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Trading Up 4.3%

Shares of NYSE:UNFI opened at $29.64 on Friday. The firm has a fifty day moving average of $26.82 and a two-hundred day moving average of $26.51. The firm has a market capitalization of $1.80 billion, a P/E ratio of -25.77 and a beta of 0.90. United Natural Foods, Inc. has a 12-month low of $14.65 and a 12-month high of $34.76. 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 issued 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. The company had revenue of $8.06 billion during 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 company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, equities analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UNFI has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of 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 lifted their price objective on shares of United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research 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 price objective for the stock from $25.00 to $26.00 in a research report on Wednesday, July 16th. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets lowered their price objective on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research report on Thursday, June 12th. Two 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.com, United Natural Foods presently has a consensus rating of "Hold" and a consensus price target of $28.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.