Insider Selling: David Allen Matthews Sells 5,802 Shares of United Natural Foods Stock (UNFI)
United Natural Foods (NASDAQ:UNFI) Insider David Allen Matthews sold 5,802 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $68.06, for a total transaction of $394,884.12. Following the transaction, the insider now directly owns 1,578 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
UNFI has been the subject of a number of recent research reports. Analysts at Cantor Fitzgerald raised their price target on shares of United Natural Foods (NASDAQ:UNFI) from $36.00 to $52.00 in a research note to investors on Monday. They now have a “sell” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Monday. They now have a $80.00 price target on the stock, up previously from $64.00. Finally, analysts at Zacks reiterated a “hold” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Friday, September 13th. They now have a $63.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. United Natural Foods currently has a consensus rating of “Hold” and a consensus target price of $64.22.
Shares of United Natural Foods (NASDAQ:UNFI) traded up 0.76% during mid-day trading on Wednesday, hitting $68.55. 191,514 shares of the company’s stock traded hands. United Natural Foods has a 52-week low of $47.20 and a 52-week high of $69.35. The stock’s 50-day moving average is $61.10 and its 200-day moving average is $54.63. The company has a market cap of $3.382 billion and a P/E ratio of 31.21.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.51 earnings per share. United Natural Foods’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $2.51 earnings per share for the current fiscal year.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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