Stock Traders Purchase High Volume of Call Options on United Natural Foods (UNFI)

United Natural Foods, Inc. (NASDAQ:UNFI) was the recipient of some unusual options trading on Friday. Stock traders bought 714 call options on the company. This represents an increase of 982% compared to the typical daily volume of 66 call options.

A number of analysts have issued reports on UNFI shares. Royal Bank of Canada lowered United Natural Foods from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $36.00 to $34.00 in a research report on Tuesday, October 17th. Stephens set a $51.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Wednesday, January 17th. Susquehanna Bancshares started coverage on United Natural Foods in a research report on Monday, October 16th. They issued a “neutral” rating and a $43.00 target price on the stock. Jefferies Group reissued a “hold” rating on shares of United Natural Foods in a research report on Monday, October 16th. Finally, Oppenheimer reissued a “hold” rating on shares of United Natural Foods in a research report on Tuesday, December 5th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. United Natural Foods has a consensus rating of “Hold” and a consensus target price of $44.83.

Shares of United Natural Foods (NASDAQ:UNFI) opened at $44.63 on Monday. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $52.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. The firm has a market capitalization of $2,249.40, a price-to-earnings ratio of 17.30, a PEG ratio of 2.56 and a beta of 1.41.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. research analysts forecast that United Natural Foods will post 2.82 EPS for the current fiscal year.

In related news, Director James P. Heffernan sold 7,580 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.01, for a total value of $394,235.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Craig Harder Smith sold 6,253 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total value of $310,086.27. Following the completion of the transaction, the senior vice president now owns 14,871 shares in the company, valued at $737,452.89. The disclosure for this sale can be found here. Insiders sold 103,191 shares of company stock worth $5,140,875 over the last quarter. 1.40% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of UNFI. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of United Natural Foods during the fourth quarter worth $112,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of United Natural Foods during the fourth quarter worth $127,000. Strs Ohio increased its position in shares of United Natural Foods by 440.0% during the fourth quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $133,000 after acquiring an additional 2,200 shares during the period. Flinton Capital Management LLC increased its position in shares of United Natural Foods by 76.9% during the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after acquiring an additional 2,240 shares during the period. Finally, BSW Wealth Partners purchased a new stake in shares of United Natural Foods during the fourth quarter worth $200,000.

TRADEMARK VIOLATION WARNING: This piece was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/12/stock-traders-purchase-high-volume-of-call-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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply