Oliver Luxxe Assets LLC Purchases New Position in United Natural Foods, Inc. $UNFI

Key Points

• Oliver Luxxe Assets LLC has invested approximately $1.30 million in United Natural Foods, acquiring 47,447 shares, representing about 0.08% of the company's stock.
• United Natural Foods reported better-than-expected earnings, with $0.44 earnings per share for the quarter, significantly above the consensus estimate of $0.22.
• The company has seen varied analyst ratings, with a consensus target price of $28.13, indicating mixed sentiment among research firms regarding its stock performance.

Oliver Luxxe Assets LLC purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,447 shares of the company's stock, valued at approximately $1,300,000. Oliver Luxxe Assets LLC owned about 0.08% of United Natural Foods as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 valued at $27,000 after buying an additional 920 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in United Natural Foods during the 4th quarter valued at approximately $47,000. Picton Mahoney Asset Management bought a new stake in United Natural Foods in the 1st quarter valued at $69,000. Quarry LP increased its stake in United Natural Foods by 135.6% during the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock valued at $73,000 after acquiring an additional 1,535 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of United Natural Foods in the first quarter valued at $73,000. Institutional investors own 87.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UNFI. UBS Group raised their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. 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. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $25.00 to $26.00 in a research report on Wednesday, July 16th. Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Tuesday, July 22nd. Finally, 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 on the stock in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, 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%

UNFI stock traded up $0.39 during trading hours on Thursday, reaching $27.91. 791,947 shares of the stock were exchanged, compared to its average volume of 877,333. The firm's 50-day moving average is $25.45 and its 200-day moving average is $26.80. United Natural Foods, Inc. has a 12 month low of $13.84 and a 12 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 debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, topping 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 firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. The business's 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, equities research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

United Natural Foods Company 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.