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Whole Foods Market (NYSE:WFM)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust in a report released on Thursday. They currently have a $50.00 price target on the stock, down from their previous price target of $55.00. SunTrust’s price objective would suggest a potential upside of 30.79% from the company’s current price.

Shares of Whole Foods Market (NYSE:WFM) traded down 2.25% during mid-day trading on Thursday, hitting $38.2299. The stock had a trading volume of 24,460,672 shares. Whole Foods Market has a 52-week low of $36.08 and a 52-week high of $65.59. The stock’s 50-day moving average is $38.81 and its 200-day moving average is $46.3. The company has a market cap of $14.052 billion and a price-to-earnings ratio of 26.07. Whole Foods Market also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 15,280 call options on the stock. This represents an increase of approximately 125% compared to the typical daily volume of 6,798 call options.

Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Whole Foods Market will post $1.53 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on WFM. Analysts at JPMorgan Chase & Co. downgraded shares of Whole Foods Market from an “overweight” rating to a “neutral” rating in a research note on Thursday. They now have a $38.00 price target on the stock, down previously from $48.00. Separately, analysts at Wolfe Research downgraded shares of Whole Foods Market from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 22nd. They now have a $33.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Thursday, July 3rd. They now have a $41.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the stock. Whole Foods Market presently has an average rating of “Hold” and an average price target of $48.29.

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

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