State of Wyoming Makes New $266,000 Investment in United Natural Foods, Inc. $UNFI

Key Points

• The State of Wyoming acquired a new stake in United Natural Foods, Inc., purchasing 9,710 shares valued at approximately $266,000 in the first quarter.
• United Natural Foods reported a quarterly earnings per share (EPS) of $0.44, exceeding analysts' expectations, with year-over-year revenue growth of 7.5%.
• Currently, 87.63% of United Natural Foods' stock is held by institutional investors, highlighting significant interest from major funds.

State of Wyoming acquired a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,710 shares of the company's stock, valued at approximately $266,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings 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. Aquatic Capital Management LLC acquired a new position in United Natural Foods in the fourth quarter worth approximately $47,000. Picton Mahoney Asset Management acquired a new position in United Natural Foods in the first quarter worth approximately $69,000. Skandinaviska Enskilda Banken AB publ acquired a new position in United Natural Foods in the first quarter worth approximately $73,000. Finally, KBC Group NV acquired a new position in United Natural Foods in the first quarter worth approximately $78,000. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of United Natural Foods stock traded up $0.05 during midday trading on Friday, hitting $28.96. The company had a trading volume of 719,244 shares, compared to its average volume of 736,839. The business's 50 day simple moving average is $26.36 and its two-hundred day simple moving average is $26.56. The stock has a market cap of $1.75 billion, a PE ratio of -25.18 and a beta of 0.90. 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, 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 announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) 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%. United Natural Foods's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

UNFI has been the topic of a number of research reports. 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 increased their price objective on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. BMO Capital Markets lowered their price target on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday, June 12th. Finally, Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company 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.