United Natural Foods, Inc. $UNFI Stock Holdings Boosted by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in United Natural Foods, Inc. (NYSE:UNFI) by 27.5%, now holding 189,988 shares valued at approximately $5.2 million.
• United Natural Foods reported $0.44 earnings per share for the most recent quarter, outperforming the consensus estimate by $0.22 and showing a 7.5% year-over-year revenue growth.
• Several analysts have upgraded their ratings for United Natural Foods, with a consensus rating of "Hold" and an average price target of $28.13.

Public Sector Pension Investment Board raised its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 189,988 shares of the company's stock after acquiring an additional 41,036 shares during the period. Public Sector Pension Investment Board owned approximately 0.31% of United Natural Foods worth $5,204,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of United Natural Foods by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company's stock valued at $5,152,000 after purchasing an additional 29,357 shares during the period. Brighton Jones LLC acquired a new stake in shares of United Natural Foods in the fourth quarter valued at about $656,000. GAMMA Investing LLC lifted its stake in shares of United Natural Foods by 2,671.4% in the first quarter. GAMMA Investing LLC now owns 56,177 shares of the company's stock valued at $1,539,000 after purchasing an additional 54,150 shares during the period. Range Financial Group LLC acquired a new stake in shares of United Natural Foods in the first quarter valued at about $1,253,000. Finally, Lisanti Capital Growth LLC purchased a new position in United Natural Foods during the 1st quarter valued at about $2,570,000. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Trading Up 0.3%

UNFI stock traded up $0.0780 during midday trading on Tuesday, reaching $26.7080. 480,240 shares of the company's stock traded hands, compared to its average volume of 929,173. The business has a 50-day moving average price of $24.76 and a two-hundred day moving average price of $26.89. United Natural Foods, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $34.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The company has a market capitalization of $1.62 billion, a P/E ratio of -23.22 and a beta of 0.82.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.44 EPS 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 business had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.78 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The business'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. Equities research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. The Goldman Sachs Group lowered their price target on shares of United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, June 12th. BMO Capital Markets lowered their price target on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a report on Thursday, June 12th. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target for the company in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price target on shares of United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.