Whole Foods Market, Inc. (NASDAQ:WFM) was downgraded by equities research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday.

Several other research analysts have also recently weighed in on WFM. Royal Bank Of Canada lifted their price target on Whole Foods Market from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Vetr cut Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 price target for the company. in a research report on Thursday, April 27th. Zacks Investment Research cut Whole Foods Market from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Wolfe Research upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Finally, Gordon Haskett initiated coverage on Whole Foods Market in a research report on Tuesday, May 9th. They set a “buy” rating and a $42.00 price target for the company. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.06.

Whole Foods Market (NASDAQ:WFM) traded down 0.07% during trading on Wednesday, reaching $41.68. 7,914,304 shares of the company traded hands. The company’s 50-day moving average price is $41.84 and its 200 day moving average price is $35.89. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $43.84. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 34.33 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts expect that Whole Foods Market will post $1.33 EPS for the current year.

Whole Foods Market announced that its board has initiated a stock buyback plan on Wednesday, May 10th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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Several large investors have recently bought and sold shares of the stock. Ropes Wealth Advisors LLC increased its stake in Whole Foods Market by 103.7% in the second quarter. Ropes Wealth Advisors LLC now owns 2,750 shares of the company’s stock valued at $116,000 after buying an additional 1,400 shares in the last quarter. AT Bancorp purchased a new stake in Whole Foods Market during the second quarter valued at about $118,000. Winslow Evans & Crocker Inc. increased its stake in Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock valued at $132,000 after buying an additional 2,154 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Whole Foods Market during the first quarter valued at about $105,000. Finally, Westside Investment Management Inc. increased its stake in Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock valued at $125,000 after buying an additional 3,320 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Whole Foods Market Company Profile

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

Analyst Recommendations for Whole Foods Market (NASDAQ:WFM)

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