United Natural Foods, Inc. (NYSE:UNFI) CAO Richard Eric Esper Sells 4,375 Shares of Stock

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.35, for a total transaction of $49,656.25. Following the sale, the chief accounting officer now owns 32,865 shares in the company, valued at approximately $373,017.75. The transaction was disclosed in a document filed with the SEC, which is available at this link.

United Natural Foods Stock Performance

NYSE:UNFI opened at $10.93 on Wednesday. The stock’s 50-day moving average is $14.18 and its 200-day moving average is $14.98. United Natural Foods, Inc. has a 1-year low of $10.86 and a 1-year high of $28.37. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. The stock has a market cap of $649.68 million, a P/E ratio of -5.61 and a beta of 0.56.

United Natural Foods (NYSE:UNFIGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 1.20% and a negative net margin of 0.38%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Equities research analysts anticipate that United Natural Foods, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of United Natural Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of UNFI. JPMorgan Chase & Co. grew its position in shares of United Natural Foods by 40.9% during the 1st quarter. JPMorgan Chase & Co. now owns 357,350 shares of the company’s stock valued at $14,776,000 after purchasing an additional 103,800 shares in the last quarter. Raymond James & Associates raised its stake in shares of United Natural Foods by 12.8% during the first quarter. Raymond James & Associates now owns 19,689 shares of the company’s stock valued at $814,000 after acquiring an additional 2,239 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in United Natural Foods by 58.2% in the 1st quarter. MetLife Investment Management LLC now owns 30,238 shares of the company’s stock worth $1,250,000 after buying an additional 11,130 shares during the period. Rhumbline Advisers lifted its stake in United Natural Foods by 2.7% in the first quarter. Rhumbline Advisers now owns 157,010 shares of the company’s stock worth $6,492,000 after acquiring an additional 4,192 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of United Natural Foods by 17.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,075 shares of the company’s stock worth $2,071,000 after purchasing an additional 7,486 shares during the period. Institutional investors own 87.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UNFI shares. Roth Mkm restated a “neutral” rating and set a $13.00 target price (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. Wells Fargo & Company decreased their target price on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. StockNews.com cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. The Goldman Sachs Group reduced their price target on shares of United Natural Foods from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, December 7th. Finally, UBS Group upped their price objective on shares of United Natural Foods from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.40.

Read Our Latest Stock Analysis on UNFI

United Natural Foods Company Profile

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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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