Whole Foods Market (NASDAQ: WFM) recently received a number of ratings updates from brokerages and research firms:

  • 9/13/2016 – Whole Foods Market had its price target lowered by analysts at Citigroup Inc. from $33.00 to $30.00. They now have a “neutral” rating on the stock.
  • 9/13/2016 – Whole Foods Market had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $28.00 price target on the stock, down previously from $31.00.
  • 9/7/2016 – Whole Foods Market was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $32.70 price target on the stock.
  • 8/31/2016 – Whole Foods Market was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whole Foods is revamping its pricing strategy and concentrating on value offerings. Moreover, it has launched a new store concept to target millennials and stave off competition that has been weighing upon its performance. More and more companies are entering as well as expanding their presence in the Organic & Natural food business. This may dent the company’s sales and margins. Whole Foods saw its comps declining for the fourth straight quarter. Comps fell 2.6% in third-quarter fiscal 2016 and 2.4% during the first three weeks of the fourth quarter. Nevertheless, the company is trying to spur sales through store openings, adoption of digital route and home delivery services. Sales rose 2% and also beat the estimate during the third quarter. Management projects sales growth of about 2% but comps decline of 2.4% in the fourth quarter. The company envisions earnings per share in the band of $0.23-$0.24 for the final quarter.”
  • 8/29/2016 – Whole Foods Market was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $31.97 price target on the stock.
  • 8/25/2016 – Whole Foods Market was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whole Foods is revamping its pricing strategy and concentrating on value offerings. Moreover, it has launched a new store concept to target millennials and stave off competition that has been weighing upon its performance. More and more companies are entering as well as expanding their presence in the Organic & Natural food business. This may dent the company’s sales and margins. Whole Foods saw its comps declining for the fourth straight quarter. Comps fell 2.6% in third-quarter fiscal 2016 and 2.4% during the first three weeks of the fourth quarter. Nevertheless, the company is trying to spur sales through store openings, adoption of digital route and home delivery services. Sales rose 2% and also beat the estimate during the third quarter. Management projects sales growth of about 2% but comps decline of 2.4% in the fourth quarter. The company envisions earnings per share in the band of $0.23-$0.24 for the final quarter.”
  • 8/22/2016 – Whole Foods Market was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $31.46 price target on the stock.
  • 8/16/2016 – Whole Foods Market had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $38.00 price target on the stock.
  • 8/16/2016 – Whole Foods Market was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $31.46 price target on the stock.
  • 8/15/2016 – Whole Foods Market was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $29.97 price target on the stock.
  • 8/8/2016 – Whole Foods Market was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $31.17 price target on the stock.
  • 8/5/2016 – Whole Foods Market had its “hold” rating reaffirmed by analysts at Argus.
  • 8/4/2016 – Whole Foods Market had its price target lowered by analysts at Credit Suisse Group AG from $40.00 to $28.07. They now have a “focus list” rating on the stock.
  • 8/4/2016 – Whole Foods Market had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..
  • 8/3/2016 – Whole Foods Market was given a new $40.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 7/31/2016 – Whole Foods Market had its “neutral” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $30.00 price target on the stock, up previously from $29.00.
  • 7/28/2016 – Whole Foods Market had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $32.00 price target on the stock.
  • 7/28/2016 – Whole Foods Market had its price target raised by analysts at Deutsche Bank AG from $28.00 to $32.00. They now have a “hold” rating on the stock.
  • 7/28/2016 – Whole Foods Market had its “buy” rating reaffirmed by analysts at SunTrust Banks Inc.. They now have a $38.00 price target on the stock. They wrote, “bigger challenge” for the organic foods retailer.Whole Foods reported $0.37 per share in its third-quarter earnings, in line with the consensus/Street estimates. Same-store sales in the period fell 2.6 percent, a bit more than SunTrust’s -2 percent number and the Street’s -2.3 percent.But, analyst David Magee is bullish on the company, and here’s why:”We’re pleased to hear the positive early read on the 365 concept (which may play a bigger role in ’17 expansion), the re-pricing of produce and home delivery; the pilot loyalty program’s results point to a broad rollout. So, we advise investors to be patient, noting WFM’s historically low multiple,” Magee wrote in a note.Related Link: Whole Foods Does Little To Satisfy Investor AppetitesHowever, Magee acknowledged, “Despite all the work on price repositioning in the past two years, consistent sales growth continues to be elusive.”On traffic challenges, the management could only point to “competition” as the cause agent. Magee noted that it is “hardly new,” and hasn’t changed quarter-over-quarter materially.For 2016, the analyst kept his EPS estimate unchanged at $1.50, but cut revenue forecast to $15.739 billion from $15.839 billion.That said, Magee remains positive on the sector’s growth, and the store’s continued strong position and opportunity to lower costs.”Lastly, recent evidence to the contrary, we continue to think sales will gradually improve through a combination of factors including sector growth, less incremental investment by some competitors, easier comparisons, and greater connection with consumers thanks to the current initiatives,”
  • 7/28/2016 – Whole Foods Market was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $33.58 price target on the stock.
  • 7/28/2016 – Whole Foods Market was given a new $37.00 price target on by analysts at RBC Capital Markets. They now have a “buy” rating on the stock.
  • 7/27/2016 – Whole Foods Market had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $20.00 price target on the stock.
  • 7/26/2016 – Whole Foods Market was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating. They now have a $31.00 price target on the stock.
  • 7/25/2016 – Whole Foods Market had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $31.00 price target on the stock.
  • 7/25/2016 – Whole Foods Market was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.
  • 7/25/2016 – Whole Foods Market had its “underperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $23.00 price target on the stock.

Whole Foods Market Inc. (NASDAQ:WFM) traded up 1.673% during trading on Monday, hitting $28.865. 1,900,457 shares of the company traded hands. Whole Foods Market Inc. has a 12-month low of $27.81 and a 12-month high of $35.58. The company has a market capitalization of $9.20 billion, a P/E ratio of 20.472 and a beta of 0.74. The stock has a 50 day moving average price of $30.50 and a 200 day moving average price of $31.48.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Whole Foods Market Inc. will post $1.51 earnings per share for the current year.

Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

5 Day Chart for NASDAQ:WFM

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