United Natural Foods, Inc. (NASDAQ:UNFI) Director James P. Heffernan sold 16,514 shares of United Natural Foods stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total transaction of $823,553.18. Following the completion of the sale, the director now directly owns 7,580 shares of the company’s stock, valued at approximately $378,014.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of United Natural Foods, Inc. (NASDAQ UNFI) opened at $51.15 on Friday. The firm has a market cap of $2,580.00, a PE ratio of 19.70, a P/E/G ratio of 3.52 and a beta of 1.46. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $52.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82.
United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. equities analysts expect that United Natural Foods, Inc. will post 2.74 EPS for the current year.
United Natural Foods announced that its board has authorized a share buyback plan on Friday, October 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
UNFI has been the subject of a number of research analyst reports. Susquehanna Bancshares set a $49.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, December 7th. TheStreet raised shares of United Natural Foods from a “c+” rating to a “b-” rating in a research report on Tuesday. Loop Capital set a $56.00 target price on shares of United Natural Foods and gave the stock a “buy” rating in a research report on Friday, December 8th. Barclays reissued a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research report on Thursday, September 28th. Finally, BMO Capital Markets set a $54.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Saturday, December 9th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.33.
A number of institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC bought a new stake in United Natural Foods during the third quarter worth about $1,213,000. California Public Employees Retirement System grew its stake in United Natural Foods by 11.7% during the third quarter. California Public Employees Retirement System now owns 73,632 shares of the company’s stock worth $3,062,000 after buying an additional 7,732 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in United Natural Foods by 18.9% during the third quarter. Janney Montgomery Scott LLC now owns 8,415 shares of the company’s stock worth $350,000 after buying an additional 1,336 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in United Natural Foods by 112.7% during the third quarter. Cubist Systematic Strategies LLC now owns 15,105 shares of the company’s stock worth $628,000 after buying an additional 8,005 shares during the last quarter. Finally, Kalos Management Inc. bought a new stake in United Natural Foods during the third quarter worth about $652,000.
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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.
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