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Research analysts at Imperial Capital initiated coverage on shares of Whole Foods Market (NYSE:WFM) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $48.00 price target on the stock. Imperial Capital’s price objective would indicate a potential upside of 25.07% from the company’s current price.

WFM has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Wednesday. They now have a $41.00 price target on the stock, down previously from $55.00. Separately, analysts at Ned Davis Research upgraded shares of Whole Foods Market from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Zacks upgraded shares of Whole Foods Market from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $41.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.86.

Whole Foods Market (NYSE:WFM) traded up 1.78% during mid-day trading on Wednesday, hitting $38.38. The stock had a trading volume of 7,673,925 shares. Whole Foods Market has a 52-week low of $37.02 and a 52-week high of $65.59. The stock has a 50-day moving average of $43.16 and a 200-day moving average of $51.33. The company has a market cap of $14.107 billion and a price-to-earnings ratio of 25.14.

Whole Foods Market (NYSE:WFM) last released its earnings data on Tuesday, May 6th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company posted $0.76 earnings per share. Whole Foods Market’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Whole Foods Market will post $1.53 earnings per share for the current fiscal year.

In other Whole Foods Market news, Director John Elstrott purchased 2,645 shares of Whole Foods Market stock on the open market in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $37.79 per share, for a total transaction of $99,954.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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