Insider Buying: United Natural Foods Inc (NYSE:UNFI) Director Purchases $75,000.00 in Stock

United Natural Foods Inc (NYSE:UNFI) Director Peter Roy purchased 10,000 shares of the company’s stock in a transaction on Monday, October 7th. The stock was acquired at an average price of $7.50 per share, with a total value of $75,000.00. Following the purchase, the director now owns 49,154 shares of the company’s stock, valued at $368,655. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

NYSE:UNFI opened at $7.12 on Friday. The company has a market cap of $379.38 million, a price-to-earnings ratio of 3.42, a price-to-earnings-growth ratio of 0.59 and a beta of 2.18. The company has a fifty day simple moving average of $9.71 and a two-hundred day simple moving average of $10.44. United Natural Foods Inc has a 52 week low of $6.75 and a 52 week high of $28.01. The company has a quick ratio of 0.70, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.08). The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.42 billion. United Natural Foods had a positive return on equity of 6.59% and a negative net margin of 1.33%. United Natural Foods’s revenue for the quarter was up 147.2% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, analysts expect that United Natural Foods Inc will post 1.34 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in UNFI. Bank of America Corp DE lifted its position in shares of United Natural Foods by 247.3% during the 2nd quarter. Bank of America Corp DE now owns 2,383,841 shares of the company’s stock worth $21,383,000 after purchasing an additional 1,697,419 shares during the last quarter. Invesco Ltd. lifted its position in shares of United Natural Foods by 162.6% during the 2nd quarter. Invesco Ltd. now owns 1,238,590 shares of the company’s stock worth $11,110,000 after purchasing an additional 766,843 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of United Natural Foods by 4,283.3% during the 2nd quarter. Renaissance Technologies LLC now owns 574,212 shares of the company’s stock worth $5,151,000 after purchasing an additional 561,112 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of United Natural Foods during the 2nd quarter worth $4,756,000. Finally, Vanguard Group Inc. lifted its position in shares of United Natural Foods by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,548,900 shares of the company’s stock worth $49,774,000 after purchasing an additional 509,989 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on UNFI. Pivotal Research dropped their price target on shares of United Natural Foods from $6.00 to $3.00 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Co dropped their price target on shares of United Natural Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets downgraded shares of United Natural Foods from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $10.00 to $5.00 in a research note on Friday, August 2nd. BidaskClub upgraded shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Loop Capital dropped their price target on shares of United Natural Foods to $14.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.06.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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