United Natural Foods, Inc. $UNFI Shares Sold by Valueworks LLC

Key Points

• Valueworks LLC has reduced its stake in United Natural Foods, Inc. by 20.4%, resulting in ownership of 371,348 shares worth approximately $10.17 million, making it the firm's 11th largest holding.
• Analysts provide a mixed outlook on United Natural Foods, with two analysts rating it as a "Buy" and seven giving it a "Hold," while the consensus price target stands at $28.13.
• In its recent earnings report, United Natural Foods beat expectations with $0.44 EPS and reported revenue of $8.06 billion, representing a 7.5% increase year-over-year.

Valueworks LLC trimmed its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,348 shares of the company's stock after selling 95,005 shares during the period. United Natural Foods accounts for approximately 3.8% of Valueworks LLC's investment portfolio, making the stock its 11th biggest holding. Valueworks LLC owned about 0.61% of United Natural Foods worth $10,171,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in shares of 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 valued at $27,000 after acquiring an additional 920 shares during the period. Aquatic Capital Management LLC purchased a new stake in United Natural Foods in the fourth quarter valued at $47,000. Picton Mahoney Asset Management purchased a new stake in United Natural Foods in the first quarter valued at $69,000. Quarry LP boosted its holdings in United Natural Foods by 135.6% in the fourth quarter. Quarry LP now owns 2,667 shares of the company's stock valued at $73,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in United Natural Foods in the first quarter valued at $73,000. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on UNFI. Northcoast Research raised 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 report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $24.00 price target on shares of United Natural Foods and gave the company a "hold" rating in a report on Thursday, June 12th. 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 report on Thursday, July 17th. Wells Fargo & Company raised shares of 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. Finally, 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 on the stock in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Trading Up 1.6%

UNFI stock opened at $27.4040 on Friday. The company's 50-day simple moving average is $25.10 and its 200-day simple moving average is $26.86. The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 1.21. United Natural Foods, Inc. has a 52-week low of $13.28 and a 52-week high of $34.76. The firm has a market cap of $1.66 billion, a P/E ratio of -23.83 and a beta of 0.82.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

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.

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