Trexquant Investment LP Acquires New Shares in United Natural Foods, Inc. $UNFI

Key Points

• Trexquant Investment LP acquired a new position in United Natural Foods, buying 96,982 shares valued at approximately $2.66 million, representing about 0.16% of the company.
• Institutional investors collectively own 87.63% of United Natural Foods' stock, indicating significant institutional interest in the company.
• Despite mixed analyst ratings, United Natural Foods last reported $0.44 EPS for the quarter, significantly surpassing expectations, with a projected FY 2025 guidance of 0.700-0.900 EPS.

Trexquant Investment LP acquired a new stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 96,982 shares of the company's stock, valued at approximately $2,656,000. Trexquant Investment LP owned 0.16% of United Natural Foods as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in United Natural Foods by 1,672.7% during the 1st 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 during the period. Aquatic Capital Management LLC acquired a new position in United Natural Foods during the fourth quarter valued at approximately $47,000. Picton Mahoney Asset Management acquired a new stake in United Natural Foods during the first quarter worth approximately $69,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of United Natural Foods in the 1st quarter valued at approximately $73,000. Finally, KBC Group NV acquired a new position in shares of United Natural Foods in the first quarter valued at approximately $78,000. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Down 1.0%

Shares of UNFI stock traded down $0.29 on Monday, hitting $28.67. The stock had a trading volume of 548,586 shares, compared to its average volume of 873,188. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. United Natural Foods, Inc. has a 52-week low of $13.84 and a 52-week high of $34.76. The stock's 50 day moving average is $26.36 and its 200-day moving average is $26.52. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -24.83 and a beta of 0.90.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.22 by $0.22. The firm had revenue of $8.06 billion for the quarter, compared to analysts' expectations 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 earned $0.10 EPS. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNFI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the stock a "hold" rating in a research report on Thursday, June 12th. 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 research report on Tuesday, July 22nd. UBS Group upped their price target on shares of United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $25.00 to $26.00 in a research report on Wednesday, July 16th. Finally, BMO Capital Markets lowered their price target on 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. 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 company presently has an average rating of "Hold" and an average 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.