United Natural Foods (NYSE:UNFI) Announces Earnings Results

United Natural Foods (NYSE:UNFI - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.22, RTT News reports. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.78 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. United Natural Foods updated its FY 2025 guidance to 0.700-0.900 EPS.

United Natural Foods Trading Down 5.1%

Shares of UNFI traded down $1.20 during mid-day trading on Wednesday, reaching $22.10. 2,843,306 shares of the company's stock traded hands, compared to its average volume of 714,685. The stock has a market cap of $1.34 billion, a P/E ratio of -14.08 and a beta of 0.90. The stock's 50-day moving average is $27.00 and its two-hundred day moving average is $27.74. United Natural Foods has a 12 month low of $11.88 and a 12 month high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in United Natural Foods by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company's stock worth $17,132,000 after buying an additional 58,705 shares during the period. Millennium Management LLC lifted its holdings in United Natural Foods by 58.1% during the first quarter. Millennium Management LLC now owns 332,973 shares of the company's stock worth $9,120,000 after buying an additional 122,412 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in United Natural Foods by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company's stock worth $962,000 after buying an additional 1,703 shares during the period. AQR Capital Management LLC lifted its holdings in United Natural Foods by 52.5% during the first quarter. AQR Capital Management LLC now owns 111,854 shares of the company's stock worth $3,064,000 after buying an additional 38,504 shares during the period. Finally, Brighton Jones LLC purchased a new stake in United Natural Foods during the fourth quarter worth $656,000. Institutional investors own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a research note on Wednesday, March 12th. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. UBS Group reduced their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, United Natural Foods has an average rating of "Hold" and a consensus target price of $28.33.

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.