United Natural Foods (NYSE:UNFI) Shares Down 3.4% Following Insider Selling

United Natural Foods, Inc. (NYSE:UNFIGet Free Report)’s share price was down 3.4% on Wednesday following insider selling activity. The stock traded as low as $10.55 and last traded at $10.59. Approximately 135,288 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 666,317 shares. The stock had previously closed at $10.96.

Specifically, CAO Richard Eric Esper sold 4,375 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now directly owns 32,865 shares of the company’s stock, valued at $373,017.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UNFI has been the subject of several research reports. Roth Mkm reiterated a “neutral” rating and set a $13.00 price objective (down previously from $15.00) on shares of United Natural Foods in a research report on Thursday, March 7th. UBS Group increased their price objective on shares of United Natural Foods from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Wells Fargo & Company lowered their target price on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group lowered their target price on shares of United Natural Foods from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, December 7th. Finally, StockNews.com lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, United Natural Foods presently has a consensus rating of “Hold” and a consensus target price of $13.40.

Get Our Latest Report on UNFI

United Natural Foods Trading Down 4.2 %

The business’s 50-day moving average price is $14.18 and its 200-day moving average price is $14.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54.

United Natural Foods (NYSE:UNFIGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, equities research analysts expect that United Natural Foods, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of United Natural Foods

Several large investors have recently bought and sold shares of UNFI. Zions Bancorporation N.A. lifted its stake in United Natural Foods by 7.2% during the 1st quarter. Zions Bancorporation N.A. now owns 3,694 shares of the company’s stock valued at $153,000 after acquiring an additional 247 shares during the period. LPL Financial LLC lifted its stake in United Natural Foods by 1.2% during the 2nd quarter. LPL Financial LLC now owns 21,287 shares of the company’s stock valued at $838,000 after acquiring an additional 254 shares during the period. Yousif Capital Management LLC lifted its stake in United Natural Foods by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 59,273 shares of the company’s stock valued at $2,451,000 after acquiring an additional 414 shares during the period. Captrust Financial Advisors lifted its stake in United Natural Foods by 1.8% during the 2nd quarter. Captrust Financial Advisors now owns 25,358 shares of the company’s stock valued at $999,000 after acquiring an additional 445 shares during the period. Finally, First Trust Advisors LP lifted its stake in United Natural Foods by 0.6% during the 1st quarter. First Trust Advisors LP now owns 81,460 shares of the company’s stock valued at $2,146,000 after acquiring an additional 461 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.

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