The United Natural Foods, Inc. (UNFI) Insider Sells $57,293.04 in Stock

The United Natural Foods, Inc. (UNFI) Insider Sells $57,293.04 in Stock

United Natural Foods, Inc. (NASDAQ:UNFI) insider John Michael Hummel sold 1,407 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $40.72, for a total value of $57,293.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) traded down 0.71% on Friday, reaching $40.48. The company had a trading volume of 645,530 shares. The company has a market capitalization of $2.05 billion, a PE ratio of 15.81 and a beta of 1.43. United Natural Foods, Inc. has a one year low of $29.53 and a one year high of $49.74. The company’s 50-day moving average is $38.74 and its 200-day moving average is $38.95.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. Equities research analysts predict that United Natural Foods, Inc. will post $2.72 earnings per share for the current year.

United Natural Foods declared that its Board of Directors has approved a stock repurchase plan on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

A number of brokerages have weighed in on UNFI. Loop Capital reaffirmed a “buy” rating and issued a $44.00 target price (down previously from $48.00) on shares of United Natural Foods in a report on Monday, June 26th. BidaskClub downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Wells Fargo & Company reissued a “hold” rating and set a $35.00 price objective on shares of United Natural Foods in a report on Thursday, June 29th. Royal Bank Of Canada set a $34.00 price objective on United Natural Foods and gave the company a “hold” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.41.

Several large investors have recently modified their holdings of UNFI. Sei Investments Co. raised its stake in shares of United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after acquiring an additional 1,162 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of United Natural Foods by 20.5% during the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after acquiring an additional 711 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after acquiring an additional 2,095 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of United Natural Foods by 76.9% during the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of United Natural Foods during the second quarter valued at about $201,000.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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