Panagora Asset Management Inc. Has $5.05 Million Stock Position in United Natural Foods, Inc. $UNFI

Key Points

• Panagora Asset Management Inc. reduced its holdings in United Natural Foods by 10.9% in Q1, now owning 184,190 shares worth approximately $5.05 million.
• United Natural Foods reported a $0.44 EPS for the quarter, exceeding analysts' estimates, with revenue of $8.06 billion, a 7.5% increase year-over-year.
• Analysts have mixed reviews on the stock, with a consensus rating of "Hold" and a price target averaging $28.13.

Panagora Asset Management Inc. decreased its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,190 shares of the company's stock after selling 22,575 shares during the period. Panagora Asset Management Inc. owned 0.30% of United Natural Foods worth $5,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UNFI. D. E. Shaw & Co. Inc. raised its stake in shares of United Natural Foods by 4.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,886,938 shares of the company's stock valued at $78,842,000 after acquiring an additional 110,608 shares in the last quarter. American Century Companies Inc. lifted its position in United Natural Foods by 20.6% during the 1st quarter. American Century Companies Inc. now owns 2,433,948 shares of the company's stock worth $66,666,000 after acquiring an additional 415,700 shares during the last quarter. Nuveen LLC bought a new stake in United Natural Foods during the first quarter valued at about $24,171,000. Nuveen Asset Management LLC increased its position in United Natural Foods by 37.9% in the 4th quarter. Nuveen Asset Management LLC now owns 881,982 shares of the company's stock worth $24,087,000 after buying an additional 242,293 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of United Natural Foods by 18.6% during the fourth quarter. Northern Trust Corp now owns 756,585 shares of the company's stock worth $20,662,000 after buying an additional 118,817 shares during the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Up 0.2%

NYSE UNFI traded up $0.05 during trading hours on Friday, reaching $28.96. 719,244 shares of the company's stock were exchanged, compared to its average volume of 736,839. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -25.18 and a beta of 0.90. The company's 50-day moving average is $26.36 and its two-hundred day moving average is $26.56. United Natural Foods, Inc. has a one year low of $13.84 and a one year high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its 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 negative net margin of 0.21% and a positive return on equity of 3.13%. The firm had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same period in the prior year, the business earned $0.10 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. On average, analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UNFI shares. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Tuesday, July 22nd. Wells Fargo & Company raised 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 report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. UBS Group upped their target price on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets decreased their price target on 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. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.13.

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.