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

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

United Natural Foods Stock Down 5.1%

Shares of NYSE:UNFI opened at $22.10 on Thursday. 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 company has a market capitalization of $1.34 billion, a PE ratio of -14.08 and a beta of 0.90. United Natural Foods has a 52 week low of $11.88 and a 52 week high of $34.76. The company’s fifty day moving average is $27.00 and its 200-day moving average is $27.74.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, March 12th. UBS Group decreased their target price on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. Northcoast Research downgraded shares of United Natural Foods from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.33.

Institutional Investors Weigh In On United Natural Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of United Natural Foods by 10.4% in the 1st 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 position in shares of United Natural Foods by 58.1% in the first quarter. Millennium Management LLC now owns 332,973 shares of the company’s stock worth $9,120,000 after purchasing an additional 122,412 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 in the last quarter. AQR Capital Management LLC increased its position in shares of United Natural Foods by 52.5% during the 1st quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock worth $3,064,000 after purchasing an additional 38,504 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in United Natural Foods during the fourth quarter worth $656,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

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.