United Natural Foods Insider Sells $119,494 in Stock (UNFI)
United Natural Foods (NASDAQ:UNFI) Insider Christopher P. Testa sold 1,875 shares of United Natural Foods stock on the open market in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $63.73, for a total value of $119,493.75. Following the completion of the sale, the insider now directly owns 3,602 shares of the company’s stock, valued at approximately $229,555. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on UNFI shares. Analysts at Morgan Stanley initiated coverage on shares of United Natural Foods in a research note on Wednesday. They set an “overweight” rating and a $80.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Natural Foods in a research note on Monday, June 16th. They now have a $74.00 price target on the stock, down previously from $89.00. Finally, analysts at Jefferies Group upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $78.00 price target on the stock, up previously from $77.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. United Natural Foods presently has an average rating of “Hold” and a consensus target price of $74.30.
United Natural Foods (NASDAQ:UNFI) traded up 1.63% during mid-day trading on Wednesday, hitting $64.84. The stock had a trading volume of 165,754 shares. United Natural Foods has a 52-week low of $53.62 and a 52-week high of $79.64. The stock’s 50-day moving average is $66.1 and its 200-day moving average is $69.58. The company has a market cap of $3.219 billion and a P/E ratio of 25.52.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, June 10th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.64 earnings per share. United Natural Foods’s revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $2.50 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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