United Natural Foods, Inc. (NASDAQ:UNFI) Director Bates Ann Torre sold 7,190 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $40.16, for a total value of $288,750.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

United Natural Foods, Inc. (NASDAQ UNFI) traded up 0.30% during mid-day trading on Tuesday, reaching $40.21. The company’s stock had a trading volume of 530,831 shares. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $49.74. The firm has a 50-day moving average of $38.34 and a 200 day moving average of $38.95. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.71 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that United Natural Foods, Inc. will post $2.71 earnings per share for the current year.

United Natural Foods declared that its Board of Directors has authorized a stock repurchase program on Friday, October 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in United Natural Foods by 16,599.3% in the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after purchasing an additional 5,220,963 shares during the last quarter. Jennison Associates LLC acquired a new position in United Natural Foods in the 2nd quarter worth about $716,000. Adirondack Research & Management Inc. acquired a new position in United Natural Foods in the 2nd quarter worth about $1,725,000. Peregrine Capital Management LLC increased its position in United Natural Foods by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock worth $5,302,000 after purchasing an additional 2,881 shares during the last quarter. Finally, GAM Holding AG acquired a new position in United Natural Foods in the 2nd quarter worth about $1,156,000.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday. TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Barclays PLC reiterated a “sell” rating and set a $32.00 price objective on shares of United Natural Foods in a research report on Thursday, September 28th. Argus upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, September 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $36.00 price objective (up previously from $34.00) on shares of United Natural Foods in a research report on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.41.

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.

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

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