Traders Buy Large Volume of Whole Foods Market Call Options (WFM)
Shares of Whole Foods Market (NYSE:WFM) were the recipient of unusually large options trading on Wednesday. Traders bought 26,365 call options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of 331% compared to the average daily volume of 6,122 call options.
WFM has been the subject of a number of recent research reports. Analysts at Prime Executions initiated coverage on shares of Whole Foods Market in a research note on Tuesday. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Monday. Finally, analysts at BB&T Corp. upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $64.00 price target on the stock. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.75.
Shares of Whole Foods Market (NYSE:WFM) traded down 0.75% on Wednesday, hitting $55.46. 8,717,781 shares of the company’s stock traded hands. Whole Foods Market has a 52-week low of $40.695 and a 52-week high of $65.59. The stock’s 50-day moving average is $53.9 and its 200-day moving average is $56.74. The company has a market cap of $20.639 billion and a P/E ratio of 38.01.
Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.02. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company posted $0.78 earnings per share. Whole Foods Market’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Whole Foods Market will post $1.68 earnings per share for the current fiscal year.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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