United Natural Foods, Inc. (NASDAQ:UNFI) COO Sean Griffin sold 12,351 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.41, for a total transaction of $610,262.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

United Natural Foods, Inc. (NASDAQ UNFI) traded down $0.21 during trading on Wednesday, hitting $49.42. 367,983 shares of the stock traded hands, compared to its average volume of 900,918. The firm has a market capitalization of $2,490.00, a PE ratio of 19.16, a PEG ratio of 3.08 and a beta of 1.46. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $52.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter in the prior year, the company earned $0.58 earnings per share. equities research analysts forecast that United Natural Foods, Inc. will post 2.74 EPS for the current fiscal year.

United Natural Foods declared that its Board of Directors has approved a stock buyback program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Ltd. boosted its holdings in United Natural Foods by 22.6% during the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock worth $13,275,000 after purchasing an additional 58,779 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in United Natural Foods by 349.1% during the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock worth $13,186,000 after purchasing an additional 279,291 shares during the last quarter. Kiltearn Partners LLP acquired a new position in United Natural Foods during the second quarter worth $74,701,000. Vanguard Group Inc. boosted its holdings in United Natural Foods by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after purchasing an additional 24,028 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in United Natural Foods by 91.8% during the second quarter. Goldman Sachs Group Inc. now owns 420,559 shares of the company’s stock worth $15,435,000 after purchasing an additional 201,291 shares during the last quarter.

Several brokerages have commented on UNFI. Loop Capital reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $44.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Susquehanna Bancshares began coverage on shares of United Natural Foods in a research note on Monday, October 16th. They issued a “neutral” rating and a $43.00 target price for the company. Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 target price (up previously from $38.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a research note on Thursday, September 14th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average price target of $43.33.

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United Natural Foods Company Profile

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.

Insider Buying and Selling by Quarter for United Natural Foods (NASDAQ:UNFI)

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