United Natural Foods, Inc. (NASDAQ:UNFI) COO Sells 12,351 Shares

United Natural Foods, Inc. (NASDAQ:UNFI) COO Sean Griffin sold 12,351 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.41, for a total transaction of $610,262.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

United Natural Foods, Inc. (UNFI) traded down $0.58 during trading hours on Thursday, hitting $45.78. 516,700 shares of the company traded hands, compared to its average volume of 1,256,243. United Natural Foods, Inc. has a twelve month low of $29.53 and a twelve month high of $52.69. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2,300.00, a PE ratio of 17.74, a PEG ratio of 2.81 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 for the quarter, meeting the consensus estimate of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business earned $0.58 earnings per share. research analysts predict that United Natural Foods, Inc. will post 2.74 EPS for the current year.

United Natural Foods declared that its board has authorized a stock repurchase plan on Friday, October 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in shares of United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after buying an additional 1,162 shares in the last quarter. Riverhead Capital Management LLC boosted its position in United Natural Foods by 80.6% during the second 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 period. Flinton Capital Management LLC boosted its position in 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 purchasing an additional 2,240 shares during the period. Balasa Dinverno & Foltz LLC bought a new position in United Natural Foods during the third quarter worth $208,000. Finally, Bell Bank bought a new position in United Natural Foods during the third quarter worth $210,000.

Several brokerages have commented on UNFI. Susquehanna Bancshares set a $51.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Thursday. Jefferies Group reiterated a “hold” rating and issued a $49.00 price objective on shares of United Natural Foods in a report on Monday. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Monday. BidaskClub downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Finally, TheStreet upgraded shares of United Natural Foods from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.

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United Natural Foods Company Profile

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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