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Equities research analysts at Barclays decreased their price target on shares of Whole Foods Market (NYSE:WFM) from $54.00 to $50.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would suggest a potential downside of 10.03% from the company’s current price.

Shares of Whole Foods Market (NYSE:WFM) traded down 7.94% on Thursday, hitting $51.055. The stock had a trading volume of 20,201,076 shares. 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 $53.83 and its 200-day moving average is $56.74. The company has a market cap of $19.000 billion and a price-to-earnings ratio of 37.73. Whole Foods Market also saw some unusual options trading activity on Monday. Stock traders purchased 6,312 put options on the company. This represents an increase of approximately 149% compared to the typical daily volume of 2,537 put options.

Whole Foods Market (NYSE:WFM) last posted its quarterly earnings results 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. Analysts expect that Whole Foods Market will post $1.68 EPS for the current fiscal year.

A number of other firms have also recently commented on WFM. Analysts at UBS AG cut their price target on shares of Whole Foods Market from $66.00 to $62.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Whole Foods Market to a “buy” rating in a research note on Thursday. They now have a $61.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of Whole Foods Market in a research note on Thursday. They now have a $60.00 price target on the stock, down previously from $61.00. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $65.00.

Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.

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