United Natural Foods, Inc. (NASDAQ:UNFI) insider John Michael Hummel sold 1,407 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $40.72, for a total transaction of $57,293.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

United Natural Foods, Inc. (NASDAQ UNFI) opened at 40.48 on Monday. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $49.74. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 15.81 and a beta of 1.43. The stock has a 50 day moving average of $39.09 and a 200 day moving average of $38.88.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Equities analysts expect that United Natural Foods, Inc. will post $2.72 earnings per share for the current year.

United Natural Foods declared that its board has authorized a share buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, October 10th. TheStreet upgraded shares of United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Barclays PLC restated a “sell” rating and set a $32.00 price objective on shares of United Natural Foods in a research report on Thursday, September 28th. Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, September 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $36.00 price objective (up from $34.00) on shares of United Natural Foods in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.41.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CS Mckee LP boosted its holdings in United Natural Foods by 0.4% in the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after acquiring an additional 100 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its holdings in United Natural Foods by 0.5% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 22,788 shares of the company’s stock worth $985,000 after acquiring an additional 107 shares during the period. Amalgamated Bank boosted its holdings in United Natural Foods by 2.8% in the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock worth $263,000 after acquiring an additional 196 shares during the period. Advantus Capital Management Inc boosted its holdings in United Natural Foods by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock worth $280,000 after acquiring an additional 200 shares during the period. Finally, Suntrust Banks Inc. boosted its holdings in United Natural Foods by 2.5% in the 2nd quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock worth $316,000 after acquiring an additional 214 shares during the period.

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.

Insider Buying and Selling by Quarter for United Natural Foods (NASDAQ:UNFI)

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