United Natural Foods, Inc. (UNFI) CEO Sells $2,426,296.74 in Stock

United Natural Foods, Inc. (NASDAQ:UNFI) CEO Steven Spinner sold 49,026 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total value of $2,426,296.74. Following the transaction, the chief executive officer now directly owns 102,637 shares in the company, valued at approximately $5,079,505.13. The transaction was disclosed in a filing with the SEC, which is available at this link.

United Natural Foods, Inc. (NASDAQ UNFI) opened at $44.88 on Friday. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $52.69. The company has a market capitalization of $2,260.00, a PE ratio of 17.40, a PEG ratio of 3.09 and a beta of 1.46. 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 released its quarterly earnings data on Thursday, December 7th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the business posted $0.58 EPS. sell-side analysts forecast that United Natural Foods, Inc. will post 2.74 earnings per share for the current year.

United Natural Foods declared that its board has approved a share repurchase plan on Friday, October 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC purchased a new position in shares of United Natural Foods in the 3rd quarter valued at about $1,213,000. California Public Employees Retirement System increased its holdings in shares of United Natural Foods by 11.7% in the 3rd quarter. California Public Employees Retirement System now owns 73,632 shares of the company’s stock valued at $3,062,000 after acquiring an additional 7,732 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of United Natural Foods by 18.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,415 shares of the company’s stock valued at $350,000 after acquiring an additional 1,336 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of United Natural Foods by 112.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 15,105 shares of the company’s stock valued at $628,000 after acquiring an additional 8,005 shares during the last quarter. Finally, Kalos Management Inc. purchased a new position in shares of United Natural Foods in the 3rd quarter valued at about $652,000.

Several equities analysts recently issued reports on the company. Loop Capital reissued a “buy” rating and set a $50.00 target price (up previously from $44.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Susquehanna Bancshares assumed coverage on United Natural Foods in a report on Monday, October 16th. They set a “neutral” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Friday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $40.00 price target (up previously from $38.00) on shares of United Natural Foods in a report on Thursday, September 14th. Finally, Wells Fargo & Co restated a “hold” rating and set a $38.00 price target on shares of United Natural Foods in a report on Thursday, September 14th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $43.33.

WARNING: “United Natural Foods, Inc. (UNFI) CEO Sells $2,426,296.74 in Stock” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.com-unik.info/2018/01/06/united-natural-foods-inc-unfi-ceo-sells-2426296-74-in-stock.html.

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)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit