United Natural Foods (NYSE:UNFI) Shares Gap Up After Insider Buying Activity

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United Natural Foods Inc (NYSE:UNFI)’s share price gapped up prior to trading on Tuesday following insider buying activity. The stock had previously closed at $6.63, but opened at $6.91. United Natural Foods shares last traded at $7.39, with a volume of 1,938,646 shares changing hands.

Specifically, Director Peter Roy purchased 10,000 shares of United Natural Foods stock in a transaction on Monday, October 7th. The stock was bought at an average cost of $7.50 per share, with a total value of $75,000.00. Following the transaction, the director now owns 49,154 shares of the company’s stock, valued at approximately $368,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Muehlbauer purchased 30,000 shares of United Natural Foods stock in a transaction on Friday, October 18th. The shares were acquired at an average cost of $6.91 per share, with a total value of $207,300.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $207,300. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. ValuEngine raised shares of United Natural Foods from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co dropped their price objective on shares of United Natural Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 2nd. BMO Capital Markets cut shares of United Natural Foods from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $10.00 to $5.00 in a research note on Friday, August 2nd. Finally, Pivotal Research dropped their price objective on shares of United Natural Foods from $6.00 to $3.00 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. United Natural Foods has an average rating of “Hold” and a consensus price target of $14.06.

The firm has a market cap of $350.53 million, a price-to-earnings ratio of 3.55, a PEG ratio of 0.54 and a beta of 2.18. The business’s 50 day moving average price is $9.49 and its 200 day moving average price is $10.10. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.70 and a current ratio of 1.69.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). United Natural Foods had a positive return on equity of 6.59% and a negative net margin of 1.33%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the business earned $0.76 EPS. United Natural Foods’s revenue for the quarter was up 147.2% compared to the same quarter last year. Sell-side analysts anticipate that United Natural Foods Inc will post 1.34 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in shares of United Natural Foods by 119.4% during the 1st quarter. First Trust Advisors LP now owns 200,940 shares of the company’s stock valued at $2,656,000 after purchasing an additional 109,348 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of United Natural Foods by 170.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 13,800 shares of the company’s stock valued at $182,000 after purchasing an additional 8,700 shares in the last quarter. Investors Research Corp boosted its stake in shares of United Natural Foods by 45.3% during the 2nd quarter. Investors Research Corp now owns 3,850 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of United Natural Foods by 5.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,690 shares of the company’s stock valued at $311,000 after purchasing an additional 1,841 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of United Natural Foods by 230.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 33,700 shares of the company’s stock valued at $302,000 after purchasing an additional 23,500 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile (NYSE:UNFI)

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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