XTX Topco Ltd Increases Stake in 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 stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 232.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,201 shares of the company's stock after acquiring an additional 38,595 shares during the period. XTX Topco Ltd owned approximately 0.09% of United Natural Foods worth $1,512,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Aquatic Capital Management LLC acquired a new stake in United Natural Foods in the 4th quarter valued at approximately $47,000. Sterling Capital Management LLC lifted its position in United Natural Foods by 796.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after buying an additional 1,672 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of United Natural Foods during the 1st quarter worth about $69,000. Quarry LP increased its position in shares of 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 acquiring an additional 1,535 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in United Natural Foods during the first quarter worth about $73,000. 87.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UNFI shares. Deutsche Bank Aktiengesellschaft set a $24.00 target price 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 objective 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 increased their price target for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of "Hold" and a consensus price target of $28.13.

United Natural Foods Price Performance

Shares of United Natural Foods stock traded down $0.39 during midday trading on Tuesday, hitting $25.98. 466,950 shares of the company traded hands, compared to its average volume of 884,496. United Natural Foods, Inc. has a 12 month low of $12.00 and a 12 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 stock has a market cap of $1.57 billion, a price-to-earnings ratio of -22.58 and a beta of 0.82. The firm's fifty day moving average price is $25.22 and its 200-day moving average price is $27.07.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. United Natural Foods had a negative net margin of 0.21% and a positive return on equity of 3.13%. The business's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, sell-side analysts forecast 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.