United Natural Foods (NYSE:UNFI) Stock Price Down 3.6% on Insider Selling

United Natural Foods, Inc. (NYSE:UNFI - Get Free Report)'s stock price traded down 3.6% during trading on Monday after an insider sold shares in the company. The company traded as low as $20.70 and last traded at $20.76. 48,807 shares changed hands during trading, a decline of 93% from the average session volume of 697,873 shares. The stock had previously closed at $21.53.

Specifically, insider Danielle Benedict sold 9,050 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the completion of the transaction, the insider now owns 88,218 shares in the company, valued at $1,949,617.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

A number of research firms have recently commented on UNFI. Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating in a research note on Friday, October 11th. The Goldman Sachs Group increased their price target on United Natural Foods from $15.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, October 7th. UBS Group boosted their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets upped their price target on United Natural Foods from $14.00 to $23.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, United Natural Foods has a consensus rating of "Hold" and an average target price of $18.40.

United Natural Foods Trading Down 5.1 %

The company's 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $13.60. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -10.81 and a beta of 0.63.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) EPS. As a group, research analysts anticipate that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of United Natural Foods

Several large investors have recently made changes to their positions in UNFI. Counterpoint Mutual Funds LLC increased its holdings in shares of United Natural Foods by 385.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 58,993 shares of the company's stock worth $678,000 after buying an additional 46,845 shares during the last quarter. Diversified Trust Co raised its holdings in shares of United Natural Foods by 6.3% in the 1st quarter. Diversified Trust Co now owns 93,537 shares of the company's stock valued at $1,075,000 after purchasing an additional 5,516 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in United Natural Foods by 317.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company's stock valued at $42,000 after buying an additional 2,763 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in United Natural Foods by 40.8% during the first quarter. BNP Paribas Financial Markets now owns 41,830 shares of the company's stock worth $481,000 after purchasing an additional 12,124 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of United Natural Foods in the 1st quarter valued at $42,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

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.