Short Interest in Whole Foods Market, Inc. (WFM) Drops By 18.4%

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20 May, 2017

They issued a "buy" rating and a $67.00 price target on the stock.

The company reported its EPS on 04/27/2017. Royal Bank of Canada reaffirmed an outperform rating and set a $37.00 price objective on shares of Whole Foods Market in a report on Friday, February 3rd. Deutsche Bank AG reissued a "hold" rating and set a $28.00 target price (down previously from $29.00) on shares of Whole Foods Market in a report on Thursday, February 9th.

Based on the latest filings with the SEC, investors are looking at Whole Foods Market, Inc. Wolfe Research raised Whole Foods Market from an "underperform" rating to a "market perform" rating in a report on Tuesday, May 2nd.

The Stock had a 1.21 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.36 and 1.33 respectively.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Whole Foods Market, Inc. the EPS stands at 0.37 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.37, suggesting the stock fell short of the analysts' expectations.

Whole Foods Market (NASDAQ:WFM) traded down 0.014% during midday trading on Friday, hitting $36.145. Also, insider Christina Minardi sold 2,061 shares of Whole Foods Market stock in a transaction that occurred on Thursday, March 9th. The company has market cap of $11.58 billion. The company has a 50 day moving average price of $58.37 and a 200-day moving average price of $54.74. In this case, the critical 38.2% level drawn off the 52-weeklow of $27.60 sits at $42.19.

Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, May 10th. The same analysts are predicting that the company shares will trade to $34.05 within the next 12-18 months.

Analysts are also projecting an Average Revenue Estimate for Pinnacle Foods Inc.as $15000 in the Current Quarter. RBC Capital Markets maintained Whole Foods Market, Inc. The company's quarterly revenue was up 1.6% compared to the same quarter previous year. Its sales stood at 9.20% a year on average in the period of last five years. Equities analysts expect that Whole Foods Market will post $1.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Whole Foods Market's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.99%. Whole Foods Market's dividend payout ratio (DPR) is now 40.29%. In terms of the relative level of interest afforded this stock among active participants in the market, relative volume measures have been strong, indicating enthusiasm for the name by traders, investors, and money managers during the past month of action.

COPYRIGHT VIOLATION WARNING: This article was first posted by Markets Daily and is owned by of Markets Daily. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/05/19/whole-foods-market-inc-wfm-coverage-initiated-at-gordon-haskett-updated.html. Going toward to the 50-day, we can see that shares are now trading 9.97% off of that figure. The shares were sold at an average price of $27.52, for a total value of $399,095.04. Following the completion of the transaction, the chief financial officer now directly owns 277,014 shares in the company, valued at approximately $15,676,222.26.

In other Whole Foods Market news, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $31.23, for a total transaction of $160,397.28. Following the completion of the purchase, the director now owns 6,262 shares in the company, valued at approximately $356,307.80. The disclosure for this sale can be found here. The Parsons Capital Management Inc holds 24,965 shares with $768,000 value, down from 41,250 last quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

A number of hedge funds have recently made changes to their positions in the company. At the time of writing, Shares the company recently traded 32.48% away 52-week low and noted price movement -5.59% away from the 52-week high level.

Shares of the company have shown an EPS growth of 9.90% in the last 5 years. Norges Bank purchased a new stake in shares of Whole Foods Market during the fourth quarter worth about $165,510,000.

Now the P/E of Whole Foods Market, Inc. stands at 26.14. Seven Bridges Advisors LLC raised its stake in shares of Whole Foods Market by 55.4% in the third quarter.

The stock added in the prior trading session by 0.31%, closing at the stock price of $36.15.


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