United Natural Foods, Inc. (NASDAQ:UNFI) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 2,583 put options on the company. This represents an increase of Infinity compared to the average volume of 0 put options.

A number of research firms recently commented on UNFI. Buckingham Research lowered their target price on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 14th. Wells Fargo & Company reiterated a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a research note on Thursday, September 14th. Barclays PLC reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a research note on Thursday, September 28th. Zacks Investment Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded shares of United Natural Foods from a “c” rating to a “b-” rating in a research note on Thursday, October 5th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.33.

United Natural Foods (NASDAQ UNFI) opened at $39.44 on Friday. The firm has a market cap of $1,996.60, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.89 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. analysts predict that United Natural Foods will post 2.71 EPS for the current year.

United Natural Foods declared that its board has initiated a stock buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other news, CFO Michael Paul Zechmeister sold 11,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $44.06, for a total value of $506,690.00. Following the sale, the chief financial officer now directly owns 1,997 shares in the company, valued at approximately $87,987.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sean Griffin sold 8,095 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the completion of the sale, the chief operating officer now owns 6,521 shares in the company, valued at $282,033.25. The disclosure for this sale can be found here. Insiders sold a total of 61,498 shares of company stock worth $2,659,539 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of United Natural Foods by 47.2% in the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after purchasing an additional 1,162 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of United Natural Foods by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after purchasing an additional 711 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of United Natural Foods by 80.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after purchasing an additional 2,095 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of United Natural Foods by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of United Natural Foods in the 2nd quarter worth $201,000.

COPYRIGHT VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/11/04/stock-traders-buy-large-volume-of-put-options-on-united-natural-foods-unfi.html.

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.

Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.