XTX Topco Ltd Buys 38,595 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Key Points

• XTX Topco Ltd increased its stake in United Natural Foods, Inc. by 232.4%, holding 55,201 shares valued at approximately $1.51 million as of the latest SEC filing.
• The company's recent earnings report showed earnings per share of $0.44, surpassing expectations, with revenue of $8.06 billion, up 7.5% year-over-year.
• Analysts have mixed views on the stock, with a consensus rating of "Hold" and a target price around $28.13, reflecting a range of ratings from several research firms.

XTX Topco Ltd lifted its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 232.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,201 shares of the company's stock after purchasing an additional 38,595 shares during the quarter. XTX Topco Ltd owned approximately 0.09% of United Natural Foods worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new position in United Natural Foods in the 4th quarter valued at $47,000. Sterling Capital Management LLC raised its position in United Natural Foods by 796.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after purchasing an additional 1,672 shares during the last quarter. Picton Mahoney Asset Management bought a new position in United Natural Foods in the 1st quarter valued at $69,000. Quarry LP raised its position in United Natural Foods by 135.6% in the 4th 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 bought a new position in United Natural Foods in the 1st quarter valued at $73,000. Institutional investors and hedge funds own 87.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNFI. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research report on Tuesday, July 22nd. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Wells Fargo & Company upgraded United Natural Foods from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $25.00 to $26.00 in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a "hold" rating in a research report on Thursday, June 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, United Natural Foods currently has an average rating of "Hold" and a consensus target price of $28.13.

United Natural Foods Trading Down 2.2%

NYSE:UNFI traded down $0.62 during mid-day trading on Friday, hitting $27.02. The company had a trading volume of 962,679 shares, compared to its average volume of 1,175,275. United Natural Foods, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $34.76. The business's fifty day moving average is $25.28 and its two-hundred day moving average is $27.09. 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 has a market cap of $1.64 billion, a P/E ratio of -23.50 and a beta of 0.82.

United Natural Foods (NYSE:UNFI - Get Free Report) last announced its quarterly earnings results 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. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%. The company had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current 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.