United Natural Foods, Inc. (UNFI) Insider Christopher P. Testa Sells 4,744 Shares

United Natural Foods, Inc. (NASDAQ:UNFI) insider Christopher P. Testa sold 4,744 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.47, for a total transaction of $234,685.68. Following the completion of the transaction, the insider now owns 14,782 shares in the company, valued at approximately $731,265.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Natural Foods, Inc. (UNFI) traded down $0.21 during trading on Wednesday, hitting $49.42. 367,983 shares of the company were exchanged, compared to its average volume of 900,918. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $52.69. The firm has a market cap of $2,490.00, a P/E ratio of 19.16, a PEG ratio of 3.08 and a beta of 1.46.

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

United Natural Foods announced that its Board of Directors has approved a share buyback plan 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 plans are generally a sign that the company’s management believes its stock is undervalued.

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Buckingham Research dropped their price target on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 14th. Wells Fargo & Co restated a “hold” rating and issued a $38.00 price target on shares of United Natural Foods in a research report on Thursday, September 14th. Royal Bank of Canada restated an “underperform” rating and issued a $34.00 price target on shares of United Natural Foods in a research report on Monday, December 4th. Finally, Barclays restated a “sell” rating and issued a $32.00 price target on shares of United Natural Foods in a research report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.33.

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. increased its stake in United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares in the last quarter. Riverhead Capital Management LLC increased its stake in United Natural Foods by 80.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after purchasing an additional 2,095 shares in the last quarter. Balasa Dinverno & Foltz LLC bought a new stake in United Natural Foods during the 3rd quarter valued at $208,000. Bell Bank bought a new stake in United Natural Foods during the 3rd quarter valued at $210,000. Finally, Flinton Capital Management LLC increased its stake in United Natural Foods by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock valued at $189,000 after purchasing an additional 2,240 shares in the last quarter.

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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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