United Natural Foods, Inc. (NYSE:UNFI – Get Free Report) insider Danielle Benedict sold 15,152 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $19.78, for a total value of $299,706.56. Following the completion of the sale, the insider now owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
United Natural Foods Stock Up 2.7 %
UNFI stock opened at $19.85 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. The stock has a market capitalization of $1.18 billion, a P/E ratio of -8.24 and a beta of 0.63. The business has a 50-day moving average of $15.35 and a 200-day moving average of $13.07. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $23.15.
United Natural Foods (NYSE:UNFI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. United Natural Foods’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) earnings per share. On average, sell-side analysts anticipate that United Natural Foods, Inc. will post 0.65 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research firms recently commented on UNFI. BMO Capital Markets upped their price objective on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 2nd. UBS Group boosted their target price on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group boosted their target price on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday. Finally, StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.40.
United Natural Foods Company Profile
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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