Oliver Luxxe Assets LLC Invests $1.30 Million in United Natural Foods, Inc. $UNFI

Oliver Luxxe Assets LLC bought a new stake in United Natural Foods, Inc. (NYSE:UNFI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,447 shares of the company’s stock, valued at approximately $1,300,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNFI. Caitong International Asset Management Co. Ltd lifted its position in United Natural Foods by 1,672.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 920 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of United Natural Foods in the fourth quarter worth about $47,000. Picton Mahoney Asset Management acquired a new stake in shares of United Natural Foods during the first quarter worth about $69,000. Quarry LP boosted its position in 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 buying an additional 1,535 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in United Natural Foods in the 1st quarter worth approximately $73,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Up 1.6%

UNFI stock opened at $27.4040 on Friday. United Natural Foods, Inc. has a one year low of $13.28 and a one year 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 firm’s fifty day moving average is $25.10 and its 200 day moving average is $26.83. The firm has a market cap of $1.66 billion, a PE ratio of -23.83 and a beta of 0.82.

United Natural Foods (NYSE:UNFI) last posted its 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 negative net margin of 0.21% and a positive return on equity of 3.13%. The business had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

UNFI has been the subject of several research reports. UBS Group lifted their price objective on shares of United Natural Foods from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wells Fargo & Company raised shares of United Natural Foods from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $25.00 to $26.00 in a report on Wednesday, July 16th. The Goldman Sachs Group lowered their price target on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets decreased their price objective on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and a consensus target price of $28.13.

United Natural Foods Company 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.