Optimize Financial Inc Has $468,000 Stock Holdings in United Natural Foods, Inc. $UNFI

Key Points

• Optimize Financial Inc has reduced its holdings in United Natural Foods, Inc. by 44.7% in the 1st quarter, now holding 17,098 shares worth $468,000.
• Institutional investors now own 87.63% of United Natural Foods' stock, with several funds increasing their positions significantly in recent quarters.
• United Natural Foods reported a quarterly revenue of $8.06 billion, beating estimates, and achieved an EPS of $0.44, outperforming the consensus estimate of $0.22.

Optimize Financial Inc decreased its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 44.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,098 shares of the company's stock after selling 13,848 shares during the period. Optimize Financial Inc's holdings in United Natural Foods were worth $468,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UNFI. Caitong International Asset Management Co. Ltd grew its position in United Natural Foods by 1,672.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after purchasing an additional 920 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in United Natural Foods in the 1st quarter worth $69,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in United Natural Foods in the 1st quarter worth $73,000. KBC Group NV acquired a new stake in United Natural Foods in the 1st quarter worth $78,000. Finally, CWM LLC grew its position in United Natural Foods by 19.5% in the 1st quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after purchasing an additional 526 shares during the last quarter. Institutional investors own 87.63% of the company's stock.

United Natural Foods Price Performance

Shares of NYSE:UNFI traded down $0.38 on Friday, hitting $29.26. The stock had a trading volume of 584,866 shares, compared to its average volume of 873,239. United Natural Foods, Inc. has a twelve month low of $15.01 and a twelve month high of $34.76. 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 firm's 50 day moving average price is $26.82 and its 200-day moving average price is $26.51. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -25.44 and a beta of 0.90.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued 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. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The company had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UNFI shares. Northcoast Research upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Tuesday, July 22nd. Wells Fargo & Company upgraded shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group decreased 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 report on Thursday, June 12th. UBS Group lifted their target price 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. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the company a "hold" rating in a research report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, United Natural Foods has a consensus rating of "Hold" and a consensus 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.