United Natural Foods (NYSE:UNFI) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

United Natural Foods (NYSE:UNFI) posted its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.78 billion. During the same period in the prior year, the business earned $0.10 earnings per share. United Natural Foods’s revenue for the quarter was up 7.5% compared to the same quarter last year. United Natural Foods updated its FY 2025 guidance to 0.700-0.900 EPS.

United Natural Foods Trading Down 5.1%

Shares of United Natural Foods stock opened at $22.10 on Thursday. United Natural Foods has a 52 week low of $11.88 and a 52 week high of $34.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The stock has a 50 day moving average price of $27.00 and a two-hundred day moving average price of $27.74. The stock has a market capitalization of $1.34 billion, a PE ratio of -14.08 and a beta of 0.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UNFI. Goldman Sachs Group Inc. raised its stake in shares of United Natural Foods by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company’s stock valued at $17,132,000 after buying an additional 58,705 shares during the period. Millennium Management LLC lifted its stake in shares of United Natural Foods by 58.1% in the 1st quarter. Millennium Management LLC now owns 332,973 shares of the company’s stock valued at $9,120,000 after acquiring an additional 122,412 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of United Natural Foods by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company’s stock valued at $962,000 after acquiring an additional 1,703 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of United Natural Foods by 52.5% in the 1st quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock valued at $3,064,000 after acquiring an additional 38,504 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in United Natural Foods during the 4th quarter valued at approximately $656,000. Institutional investors own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNFI shares. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. UBS Group reduced their target price on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Northcoast Research cut United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, CL King raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.