Valueworks LLC Lowers Stake in United Natural Foods, Inc. $UNFI

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 decreased its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,348 shares of the company's stock after selling 95,005 shares during the quarter. United Natural Foods comprises 3.8% of Valueworks LLC's investment portfolio, making the stock its 11th largest holding. Valueworks LLC owned 0.61% of United Natural Foods worth $10,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNFI. AlphaQuest LLC increased its position in United Natural Foods by 480.3% in the 1st quarter. AlphaQuest LLC now owns 10,597 shares of the company's stock valued at $290,000 after acquiring an additional 8,771 shares during the period. Hsbc Holdings PLC increased its holdings in shares of United Natural Foods by 43.3% in the first quarter. Hsbc Holdings PLC now owns 29,000 shares of the company's stock valued at $773,000 after purchasing an additional 8,768 shares during the period. Algert Global LLC raised its stake in shares of United Natural Foods by 325.9% during the first quarter. Algert Global LLC now owns 195,455 shares of the company's stock worth $5,354,000 after purchasing an additional 149,565 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of United Natural Foods by 20.6% during the first quarter. American Century Companies Inc. now owns 2,433,948 shares of the company's stock worth $66,666,000 after purchasing an additional 415,700 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in United Natural Foods in the 1st quarter valued at $564,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNFI. Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. UBS Group increased their target price on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. BMO Capital Markets decreased their price target on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. Finally, Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.13.

United Natural Foods Price Performance

Shares of NYSE UNFI traded up $0.18 on Thursday, hitting $27.70. The company's stock had a trading volume of 351,894 shares, compared to its average volume of 873,984. 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 stock has a 50 day moving average of $25.45 and a 200-day moving average of $26.80. United Natural Foods, Inc. has a 12-month low of $13.84 and a 12-month high of $34.76. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -24.08 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 earnings per share (EPS) 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 positive return on equity of 3.13% and a negative net margin of 0.21%.United Natural Foods's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior 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 predict that United Natural Foods, Inc. will post 0.76 EPS for the current year.

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.