Insider Selling: United Natural Foods, Inc. (UNFI) Director Sells $288,750.40 in Stock

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

United Natural Foods, Inc. (NASDAQ UNFI) opened at 40.77 on Friday. The stock has a 50 day moving average of $38.74 and a 200 day moving average of $38.95. United Natural Foods, Inc. has a one year low of $29.53 and a one year high of $49.74. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 15.93 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last released its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. United Natural Foods’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that United Natural Foods, Inc. will post $2.72 earnings per share for the current year.

United Natural Foods announced that its board has initiated a share repurchase plan on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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UNFI has been the subject of a number of analyst reports. BMO Capital Markets set a $38.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $34.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 price objective (down previously from $44.00) on shares of United Natural Foods in a research report on Sunday, June 25th. Pivotal Research reiterated a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average price target of $42.41.

A number of institutional investors have recently added to or reduced their stakes in the stock. Robecosam AG lifted its position in United Natural Foods by 83.4% during the second quarter. Robecosam AG now owns 63,044 shares of the company’s stock valued at $2,274,000 after buying an additional 28,668 shares in the last quarter. CS Mckee LP lifted its position in United Natural Foods by 0.4% during the second quarter. CS Mckee LP now owns 24,700 shares of the company’s stock valued at $906,000 after buying an additional 100 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its position in United Natural Foods by 89.1% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 9,700 shares of the company’s stock valued at $357,000 after buying an additional 4,570 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in United Natural Foods by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 159,431 shares of the company’s stock valued at $5,852,000 after buying an additional 5,475 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in United Natural Foods by 2.1% during the second quarter. Earnest Partners LLC now owns 1,286,088 shares of the company’s stock valued at $47,199,000 after buying an additional 26,895 shares in the last quarter.

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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